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TypeBare Act JurisdictionKarnataka Government

Value Added Tax Act, 2003 Section 37

Rate of Interest

~1 min read
https://sooperkanoon.com/act/58900

Bare act section · Research

About this section

Value Added Tax Act, 2003 Section 37 is part of Value Added Tax Act, 2003 - Rate of Interest. Read the section text below and explore Indian court judgments that cite it.

Research copy - verify against official government publications before filing or court use.

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Section Text

(1) The rate of simple interest payable under Section 36 shall be two per cent per month:

(a) from the date the tax had become payable to the date of its payment or to the date of any assessment under this Act, whichever is earlier; and

(b) from the date on which any amount payable under this Act was due.

(2) For the purpose of this Section interest in respect of parts of a month shall be computed proportionately and month shall mean any period of thirty days.

Frequently asked questions

What does Value Added Tax Act, 2003 Section 37 provide?

Section Section 37 of the Value Added Tax Act, 2003 (Rate of Interest) is reproduced on this page as part of the Value Added Tax Act, 2003. Lawyers and researchers use it to read the statutory wording before checking how courts have applied this section in reported judgments.

How do I find judgments on Value Added Tax Act, 2003 Section 37?

Open “Find citing judgments” on this page to search Supreme Court, High Court, and tribunal decisions that reference Value Added Tax Act, 2003 Section 37. Advanced act search can narrow results by court, year, or additional act filters.

Is the section text on SooperKanoon official?

SooperKanoon hosts bare act text for research and quick reference. For filings or compliance in Karnataka, confirm the wording against the official state gazette or authorized publication.

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