Manner and time of payment of net tax and interest, if any, payable according to
monthly return.
41. (1) Subject to the provisions of rule 37 and rule 42, a dealer, who is required to furnish returns monthly under sub-rule (1) of rule 35, shall pay the amount of net tax and interest, if any, payable according to such returns into the appropriate Government Treasury, before furnishing such returns under the aforesaid rule.
(2) Notwithstanding anything contained in sub-rule (1), where the dealer pays the net tax referred to therein by instalments he shall pay the corresponding interest at the time of making payment of such net tax and furnish the statement, showing details of calculation of the amount of interest payable, along with the receipted challan each time as a proof of payment of such interest. |