https://www.taxtmi.com/caselaws?id=164887 Section 7A of the Gujarat Tax on Luxuries (Hotels and Lodging Houses) Act, 1977 requires simple interest at 2% per month, not per annum, because the phrase "each month or part thereof" makes monthly computation mandatory. The legislative purpose, confirmed by the Statement of Objects and Reasons, was to secure timely payment of unpaid tax or penalty through interest at 2% per mensem, and that meaning is not altered by the provision having first been introduced by ordinance. The demand raised on the monthly basis is therefore valid. en-us Wed, 16 Mar 2011 00:00:00 +0530 Tue, 16 Sep 2014 09:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=164887 Section 7A of the Gujarat Tax on Luxuries (Hotels and Lodging Houses) Act, 1977 requires simple interest at 2% per month, not per annum, because the phrase "each month or part thereof" makes monthly computation mandatory. The legislative purpose, confirmed by the Statement of Objects and Reasons, was to secure timely payment of unpaid tax or penalty through interest at 2% per mensem, and that meaning is not altered by the provision having first been introduced by ordinance. The demand raised on the monthly basis is therefore valid. Case-Laws VAT and Sales Tax Wed, 16 Mar 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=164887