Amendment status not verified — confirm the current text below against the official source.
In the West Bengal Entertainment-cum-Amusement Tax Act, 1982,— (1) after section 5B, the following sections shall be inserted:— "Interest payable SBA. (1) Where a cable operator registered under by cable operator registered under this Act fails to make full payment of tax payable this Act and under section 5B within the prescribed date, he shall pay determination thereof. a simple interest at the rate of one per centum for each month of default from the first day of such month next following the prescribed date upto the month preceding the month of full payment of such tax, or upto the month prior to the month of assessment in respect of the period under section 5C of this Act, whichever is earlier, upon so much of the amount of tax payable by him according to the return, where such return has been furnished, or according to such assessment, where such return has not been furnished, as remains unpaid at the end of such month of default. (2) Where a cable operator registered under this Act fails to make payment of tax payable within the date fixed by the prescribed authority after the assessment made under section 5C, he shall pay a simple interest at the rate of one per centum for each month of default from the first day of the month next following the date specified in the demand notice upto the month prior to the month of full payment of such tax or upto the month preceding the month of commencement of proceedings under section 9, whichever is earlier, upon so much of the amount of tax payable by him according to such demand notice as remains unpaid at the end of such month of default. (3) A cable operator liable to pay interest under sub-section (1) or sub-section (2) of this section, as the case may be, shall, in the prescribed manner, pay into a Government Treasury through treasury link bank or the Reserve Bank of India the amount of interest payable by, or due from, him by such date as may be prescribed. (4) Where as a result of an order passed under section 10, the amount of tax payable is modified, the interest payable under sub-section (1) or sub-section (2) of this section, shall be determined or re-determined on the basis of such modified amount and the excess interest paid, if any, shall be refunded. (5) Where the prescribed authority is satisfied that any cable operator is liable to pay interest under this section, such authority shall, in such manner as may be prescribed, determine the amount of interest payable by such cable operator. PART III] THE KOLKATA GAZETTE, EXTRAORDINARY, JULY 31, 2006 9 The West Bengal Finance Act, 2006. (Section 8.) Interest payable by prescribed authority. 5BB. The prescribed authority shall, in the prescribed manner, pay a simple interest at the rate of one per centum for each month of delay in making refund of tax paid in excess which arises out of an order passed under section 5C or section 10, from the first day of such month next following the date of passing of such order upto the month preceding the month in which the refund is made, upon the amount of tax refundable to the cable operator according to such order. Rounding off tax 5BC. In calculating the interest payable under section payable for calculation of 5BB, the amount of tax in respect of which such interest interest. is to be calculated, shall be rounded off to the nearest multiple of rupees ten and for this purpose, where such amount is less than rupees five, it shall be ignored."; (2) after section 8, the following section shall be inserted:— "Seizure.