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The Maharashtra State Tax on Professions, Trades, Callings and Employments Rules, 1975
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Rule |
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11C-1 |
The rate of interest |
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The rates of interest for the purposes of sub-section (2) of section 9 shall be as specified in the table below:
TABLE
| Sr. No. |
Period, liable for interest |
Rate of interest |
| (1) |
(2) |
(3) |
| 1 |
Delay upto one month |
One and a quarter per cent. of the amount of such unpaid tax, for the month or for part thereof. |
| 2 |
Delay upto three months |
1. Delay upto one month ‐ One and a quarter per cent. of the amount of such unpaid tax, for the month or for part thereof,
2. Delay beyond one-month upto three months ‐ One and half per cent. of the amount of such unpaid tax, for each month or for part thereof. |
| 3 |
Delay more than three months |
1. Delay upto one month ‐ One and a quarter per cent. of the amount of such unpaid tax, for the month or for part thereof,
2. Delay beyond one month upto three months ‐ One and half per cent. of the amount of such unpaid tax, for each month or for part thereof,
3. Delay more than three months ‐ Two per cent. of the amount of such unpaid tax, for each month or for part thereof. |
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Legal Disclaimer : All data disclosed here is intended to provide general information on the subject matter and is not an exhaustive treatment of such subject and is not intended to serve as a substitute for official data available on Government's website viz. http://mahagst.gov.in. Although every effort has been made to ensure accuracy of the information displayed here, no representation is made as to the accuracy thereof, inadvertent errors can occur and laws and regulations are subject to frequent changes. Accordingly, the information should not be relied upon to replace specific advice and any reliance on the information is solely at the user's own risk. Use of the information displayed here does not create any business or professional services relationship and it is strongly recommended to contact professional advisor for verification of the matters or making any decision or taking any action which might affect you or your business.
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