Returns, payment of tax and interest

Note: Section number inferred from context. (1) Every registered dealer who may be required so to do by the Commissioner by notice served in the prescribed manner, shall furnish such returns of his turnover of sales by such dates and in such form as may be prescribed.

(2) Every registered dealer and every dealer who is required to furnish returns, shall pay into a Government Treasury or in State Bank of India or in such other manner as may be prescribed, the full amount of tax due from him under this Act according to such returns and shall where such payment is made into a Government Treasury produce the returns a receipt from such Treasury or bank showing the payment of such amount.

(3) The interest, in addition to the tax due, shall be levied on the amount of tax assessed or re-assessed under this Act from the date of such default. Interest at the same rate shall also be payable for the period during which the realisation of any amount of tax remains stayed by the order of any court or authority and such order is subsequently vacated: Provided that interest shall be deemed to be tax due under this Act. (1) Every registered dealer and every dealer required to pay tax shall pay into a Government Treasury or in the Reserve Bank of India or in such other manner as may be prescribed, the full amount of tax due from him under this Act according to such returns, and shall where such payment is made into a Government Treasury, furnish the returns along with a receipt from such Treasury or bank showing the payment of such amount. (2) The interest, in addition to the tax due, shall be payable by a dealer who is deemed to be in default in making the payment of tax assessed or re-assessed under this Act from the date of such default. Interest at the same rate shall also be payable for the period during which the realisation of any amount of tax remains stayed by the order of any court or authority and such order is subsequently vacated: Provided that interest shall be deemed to be tax due under this Act.