https://www.taxtmi.com/caselaws?id=373991 Under the taxing scheme, tax and return obligations arise within the prescribed time, and failure to pay in that manner attracts statutory interest. A dealer's voluntary payment of tax after the return period does not erase the earlier default merely because the amount was deposited before assessment proceedings began. The court applied strict construction of the interest provision and declined to read in any implied exemption from interest on the basis of belated suo motu payment. Interest therefore remains payable on delayed payment made after the statutory due date. en-us Mon, 14 Jan 2019 00:00:00 +0530 Thu, 24 Jan 2019 07:21:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=373991 Under the taxing scheme, tax and return obligations arise within the prescribed time, and failure to pay in that manner attracts statutory interest. A dealer's voluntary payment of tax after the return period does not erase the earlier default merely because the amount was deposited before assessment proceedings began. The court applied strict construction of the interest provision and declined to read in any implied exemption from interest on the basis of belated suo motu payment. Interest therefore remains payable on delayed payment made after the statutory due date. Case-Laws VAT and Sales Tax Mon, 14 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=373991