Consequences of failure to pay tax

Tax199227 sections

Statutory text

(1) Where, any employer, not being an officer of the State or Central Government, fails to pay the tax as required by or under this Act, he shall, without prejudice to any other consequence or liability, be deemed to be an assessee in default in respect of the tax.
(2) An employer deemed to be an assessee in default under sub-section
(1) shall be liable to pay simple interest on the amount of the tax payable by such employer for the period during which the tax remains unpaid.
(3) Where the amount of tax as assessed under section 7 or the amount of tax as found liable under section 15, is more than the amount of tax paid by the employer, then such employer shall be liable to pay simple interest on the amount of difference of tax at the rate and in the manner laid down in sub-section (2).
(4) Where an enrolled person fails to pay the tax, he shall be liable to pay interest at the rate and in the manner laid down in sub-section (2).

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