https://www.taxtmi.com/caselaws?id=245458 The moratorium on deferred trade tax under Section 8(2-A) and the eligibility certificate under Section 4-A operated only within the limits of Rule 43 of the U.P. Trade Tax Rules, 1948. Where the manufacturing unit discontinued business or became ineligible for exemption, the moratorium ceased and the deferred tax became payable in a lump sum within three months. As the unit closed on 23.12.2002, liability to deposit the deferred tax arose from that date, and failure to pay within the stipulated period attracted interest for the period of default. The demand of interest was upheld. en-us Thu, 27 Mar 2014 00:00:00 +0530 Sat, 25 Jul 2015 13:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=245458 The moratorium on deferred trade tax under Section 8(2-A) and the eligibility certificate under Section 4-A operated only within the limits of Rule 43 of the U.P. Trade Tax Rules, 1948. Where the manufacturing unit discontinued business or became ineligible for exemption, the moratorium ceased and the deferred tax became payable in a lump sum within three months. As the unit closed on 23.12.2002, liability to deposit the deferred tax arose from that date, and failure to pay within the stipulated period attracted interest for the period of default. The demand of interest was upheld. Case-Laws VAT and Sales Tax Thu, 27 Mar 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=245458