Payment of tax

Payment of tax.—

1. (1) The tax due from a registered dealer shall be paid in the prescribed manner.
2. (2) If a registered dealer fails to pay the tax within the prescribed time, he shall be liable to pay, in addition to the tax, interest at the rate of two per cent of the amount of tax for each month or part thereof for the period for which the tax remains unpaid.
3. (3) The amount of tax and interest, if any, remaining unpaid shall be recoverable as an arrear of land revenue.