Amendment status not verified — confirm the current text below against the official source.
(1) If any registered dealer does not pay in to a Government Treasury the full amount of tax due from him under this ALt on the basis of th e return or his account books within the prescribed date, simple int erest at the rate ofsix per cent per annum from the .. first day .of .the month next following the said date J shall be payable by the dealer upon the amount by which the tax so paid falls shoi t of the arr ount of tax payable as per his return or account books. If such amoun t of tax and interest are not paid within thirty days from the date from which the interest is due, simple interest upto a maximum of twenty-four per cent per annum shall be payable as may be prescribed, (2) Where on mailing the assessment, the Commis- sioner finds that . a dealer has not maintained the account books properly and thereby he has sup- pressri the sale of goods in any period the Commis- loner may direct him to pay interest as prescribed in sub-section (1). If the amount of tax payable .urider the ,' Act has been reduced in appeal or revil i on~' the . interest may be calculated 0 0 th e red uced amount . (3) If any registered dealer do es not pay into the Government Treas ury the amount of tax within the da ceas provided in sub-section (4 ) of section 20 or any instalment of the tax within . the extended date . - as 'per' proviso thereto, interest at provided in sub -". . ection ( 1) shall be payable from the first day of " _ .the month next followin g thesaiddate by the dealer ···· , l,i~o .th e amount. by .which the t ax, ·if any, paid .' .'filII, short of the' amount .of'tax 'payable under the .",ct." .. , B. SAR~IA , ~ecy~to the Govt. of Assam, Law Depn, -- ------------------