Determination of interest payable for delayed payment or non-payment of net tax payable as per return furnished.
62. Where the appropriate assessing authority is satisfied, that a dealer is liable to pay interest under sub-section (1) of section 33 in respect of any period for default in making full payment by the prescribed date, of net tax according to the return furnished for that period, such authority shall determine under sub-section (1) of section 50, the interest payable for such period at any time after furnishing of such return but not later than the date of assessment under section 45, or section 46, or section 48, as the case may be. |