Amendment status not verified — confirm the current text below against the official source.
Payment of tax - (!) Save as provided in sub-section (5), every person liable to pay tax under this Act, whether registered or not under this Act, shall within fifteen days after the end of the respective month(s) from the month of entry of such goods into any local area for conswnption or use therein shall pay; in the prescribed or specified manner, into a Government Treasury, the full amount of tax payable by him under section 3; Provided that, where the amount of tax payable by the assessee is not paid to the State Government within the prescribed time, the assessee shall be liable to pay interest at the rate of 2% per month, on the amount of tax remaining so unpaid, from the date the tax payable has become due, until the payment thereof is made. Explanation - Month for this purpose shalJ mean thirty days and the interest payable in respect of a period of Jess than one month, shall be computed proportionately. (2) The Commissioner may, in respect to any assessee, extend the date of payment or allow him to pay tax, together with the interest payable under this Act, in such manner and on such conditions as may be prescribed. (3) The registered assessee, shall be entitled to a rebate of half- percentum or rupees twenty-five thousand a year, whichever is lower, when the due tax is paid by him within the prescribed time. (4) Notwithstanding anything contained in this section, a registered assessee required to import any scheduled goods shall obtain I issue the prescribed Forro, as prescribed in sub-rule (2), (3), (4) of Rule 42 of the Jharkhand Value Added Tax Rules 2006, and pay the entry tax at the specified rate. $-jj'(,:,sjO,s Tfvlc (~). iijif'ii:11'1. 15 ~. 2011 30 '