Payment and recovery of tax and interest on delayed payment

Payment and recovery of tax and interest on delayed payment.—

1. (1) The amount of tax due under this Act shall be paid in the manner as may be prescribed.
2. (2) If a dealer fails to pay the amount of tax within the time prescribed for its payment, he shall be liable to pay, in addition to the tax, interest at the rate of one per cent. per month on the amount of tax so remaining unpaid, for the period of default.
3. (3) The interest payable under sub-section
4. (2) shall be calculated from the due date of payment of tax.
5. (4) Any tax, interest or penalty due under this Act which remains unpaid shall be recoverable as arrears of land revenue.