Section 119 - Amendment of section 9 of Act 74 of 1956 - Finance Act, 2000

119. Amendment of section 9 of Act 74 of 1956 In the Central Sales Tax Act, 1956 (42 of 1956), in section 9,- (a) in sub-section (2), for the word penalty , wherever it occurs, the words interest or penalty shall be substituted; (b) in sub-section (2A), for the words provisions relating to offences and penalties , the words provisions relating to offences, interest and penalties shall be substituted; (c) after sub-section (2A), the following sub-section shall be inserted, namely:- (2B) If the tax payable by any dealer under this Act is not paid in time, the dealer shall be liable to pay interest for delayed payment of such tax and all the provisions for delayed payment of such tax and all the provisions relating to due date for payment of tax, rate of interest for delayed payment of tax and assessment and collection of interest for delayed payment of tax, of the general sales tax law of each State, shall apply in relation to due date for payment of tax, rate of interest for delayed payment of tax, and assessment and collection of interest for delayed payment of tax under this Act in such States as if the tax and the interest payable under this Act were a tax and an interest under such sales tax law. ; (d) in sub-section (3), for the words including any penalty , the words including any interest or penalty shall be substituted.