Amendment status not verified — confirm the current text below against the official source.
(1) If any registered dealer do es not pay into a Government Treasury the full amount of tax du e from him under th is Act on the basis of the return or his account books within th e prescribed date, simple interest at the rate of six per cent per annum from the first day of the month next . following the said date shall be pay able by the dealer upon the amount by which the tax so paid falls short of the amount of tax payable as per his return or account books. 3 If such amount of tax and interest are not paid within thirty days from the date from which the interest is du e, simple int erest upto a maxi mum of 24 per cent per annum shall be payable as may be prescribed. ,2) Where on making the assessment, the Com- missioner finds that a dealer has not main- tained the account books properly and th ereby he has suppressed the sale of goods in any period, the Commissioner may direct him to pay interest as prescribed in sub-section (l ) . If the amount of tax payable under th e Act has been reduced in appeal or revision, the interest may be calculated on th e re- duced amount. (3) If any registered dealer does not pay into the Government Treasury the amount of tax within the date as provided in sub- section (4) of section 22 or any instalment of the tax within the extended date as per proviso to sub-section (1) of section 23 of the Act, interest as provided in sub-section (I) shall be payable from the first day of the month next following the said date by the dealer upon the amount by which the tax if any paid falls short of the amount of tax payable under the Act." A~clldm~n t