Amendment status not verified — confirm the current text below against the official source.
The Commissioner shall, in the prescribed manner, pay a simple interest at the rate of two per centum for each British calendar month of delay in making refund to a dealer of the amount of tax paid in excess which arises out of an order under section 79, section 80, section 81, section 82 or section 83, passed on or after the appointed day, from the first day of the month next following the date of such order up to the month preceding the month in which the refund is made in the manner referred to in section 60, upon the amount of tax refundable to him according to such order. Interest for non-payment or delayed payment of assessed tax. Exemption from payment of interest. Interest payable by Commissioner. 487 The West Bengal Sales Tax Act, 1994. [West Ben. Act (Chapter V.—Return and payment of tax, interest, penalty and deduction of amount at source towards payment of tax etc.—Sections 35-37.) Rounding off of tax payable for calculation of interest. Rounding off of amount of tax or penalty. Collection of tax only by dealers liable to pay tax.