https://www.taxtmi.com/forum/issue?id=106946 Under TNVAT, automatic interest attaches to short payments detected in audit; the assessee must pay the tax without waiting for departmental notice, and if payment is delayed the assessee must pay interest for the delayed period. The advisory reply emphasizes the automatic nature of interest and the taxpayer's obligation to discharge tax and interest. en-us Wed, 25 Jun 2014 16:03:27 +0530 Thu, 23 Jan 2025 15:57:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=106946 Under TNVAT, automatic interest attaches to short payments detected in audit; the assessee must pay the tax without waiting for departmental notice, and if payment is delayed the assessee must pay interest for the delayed period. The advisory reply emphasizes the automatic nature of interest and the taxpayer's obligation to discharge tax and interest. Discussion-Forum VAT / Sales Tax Wed, 25 Jun 2014 16:03:27 +0530 https://www.taxtmi.com/forum/issue?id=106946