Amendment status not verified — confirm the current text below against the official source.
(1) Where the Commissioner is satisfied that a dealer is liable to pay interest under section 31 or section 32, be shall, in such manner as may be prescribed, determine the amount of interest payable by such dealer. If on such determination, any additional amount of interest is found to be payable by the dealer or any excess amount of interest is found to be refundable to the dealer, the Commissioner shall issue a notice, in the prescribed manner, to such dealer directing him to pay such additional amount or informing him of the excess amount paid, as the case may be. (2) No determination of interest under sub-section (1) in respect of interest payable under section 31 shall be made after the date of assessment under section 45 in respect of the period for which interest is determined. Determina- tion of interest. 503 The West Bengal Sales Tax Act, 1994. [West Ben. Act (Chapter V1L—Assessment of tax imposition of penalty, payment, collection and recovery of tax, interest and penalty and refund of tax, interest and penalty.—Sections 50-52.) Rectification of mistake in determina- tion of interest. Certain transfers of immovable property by a dealer to be void. Recovery of tax, penalty, interest. appointment of Tax Recovery Officer, etc.