Rate of interest payable on late payment of tax by the dealers has been fixed @ 15% with effect from 25.04.2005 - F.101 (327)/2005-Fin. (A/Cs) (ii)/312 - Delhi Value Added Tax

Rate of interest payable on late payment of tax by the dealers has been fixed @ 15% with effect from 25.04.2005

GOVERNMENT OF NATIONALCAPITALTERRITORY OF DELHI

FINANCE (ACCOUNTS) DEPARTMENT

DELHI SACHIVALAYA, I.P. ESTATE, NEW DELHI-02.

No.F.101 (327)/2005-Fin. (A/Cs) (ii)/312

Dated: 25.04.2005

NOTIFICATION

No.F.101 (327)/2005-Fin. (A/Cs) (ii)/312 - In exercise of the powers conferred by sub-section (2) of section 42 of the Delhi Value Added Tax Act, 2004 (Delhi Act 3 of 2005), the Lt. Governor of the National Capital Territory of Delhi, hereby, notifies the annual rate of interest at the rate of fifteen percent for the purpose of the said section.

This notification shall come into force with immediate effect.       

By order and in the name of the Lt. Governor of the

National Capital Territory of Delhi,

(T.S. SETHI)

UNDER SECRETARY FINANCE (A/Cs)

Notes :

1. Rate of interest payable on late payment of tax by the dealers has been fixed @ 15% with effect from 25.04.2005.