Interest rate under karnataka tax on entry of goods act,1979

Hi,

A party has been asked to produce books of accounts under Karnataka Tax On Entry Of Goods Act, 1979 for the year 2006-07. During the course of assessment the party has been held for payment of additional amount of entry tax than what is paid along with monthly returns. Along with the tax, party is asked to pay interest @ 2% on tax payable from the year 2006-07. But as per my knowledge interest rate was 1.25% from 2006-07 to 2010-11. From 2011-12 interest rate revised to 2%. Kindly let know what is the correct rate of interest in the said case. Also let me know any references in this regard.

Regards,

Satya

 

Replies (2)

yes, you are right. Interest for delayed payment is 2% p.m whereas at the the time of assessment if any due is found then 1.25% has to be paid.  You have to argue with them for your rights.

Dear Professional Friends Please be noted that Taj Pharma. Ltd and its Group Companies are all Fraud and Cheater Companies They DO NOT PAY FEES TO AUDITORS AND THREAT TO KILL AUDITOR AND Also They Bring Gundas to Office of Auditor. They are Criminals and they have Cheated many persons, They have done Fraud for Millions of Rupees and they do not pay Audit Fees . Please Do not do their Work. Do not take their Assignments. If you do so it will be on your Risk , they will not pay you fees and then when you demand fees then they will file a false criminal case on Auditor that Auditor has done Fraud and Cheating, Auditor has mis used DSC of directors, etc. Please Be Aware of these Cheaters and Frauds. They are big frauds they have also falsely implicated their Company Secretary. PLS SEE ATTACHEMENTS FOR YOUR SELF PLS DO NOT DO BUSINESS WITH THEM TAJ INSTITUTE OF MEDICAL SCIENCES PRIVATE LIMITED TAJ PHARMACEUTICALS LIMITEDTAJ FILMS PRIVATE LIMITED TAJ HOUSING ARCHITECT LIMITED SANKARA NETHRALAYA PRIVATE LIMITED ARCELOR LABORATORIES PRIVATE LIMITED TAJ LIFE SCIENCES PRIVATE LIMITED ARCELOR CEMENT PRIVATE LIMITED ARCELOR STEEL PRIVATE LIMITED ARCELOR CHEMICALS PRIVATE LIMITED ARCELOR PETROLEUM LIMITED APOLLO LIFE SCIENCES PRIVATE LIMITED Mulberry Chemicals Private Limited HUMOGEN SERUM PRIVATE LIMITED EKLAVYA HEALTHCARE PRIVATE LIMITED TAJ PHARMA INDIA LIMITED TAJ ACTIVE PHARMACEUTICALS INGREDIENTS LIMITED Dream Star Network Private Limited TAJ PREMIUM HOTELS PRIVATE LIMITED Also see these links https://consumercomplaint.co.in/taj-pharma-ltd-taj-pharma-fraud-companytaj-pharmaceuticals-ltd-valsad-taj-pharmaceuticals-ltd-api-dr-rk-singhdr-r-k-singh-taj-pharmaceuticals/ https://www.consumercomplaints.in/taj-group-of-companies-taj-pharmaceuticals-limited-fraud-companies-of-dr-rk-singh-taj-group-of-companies-taj-pharmaceuticals-limited-c890301

Read more at: /forum/alert-all-cas-css-taj-pharma-ltd-is-fraud-company-290106.asp#.U1_2x3ZbGHM

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
15 October 2026
Senior Accountant

Continental Belting Pvt Ltd

Mumbai

B.Com

View Details
Company
07 October 2026
Senior Account Manager

Amplio Invest

Mumbai

M.Com

View Details
Company
ARTICLESHIP 17 October 2026
Articled Assistant

RRPM & Associates LLP

Chennai

CA Inter

View Details
Company
06 October 2026
Assistant Manager - Audit and Compliance

Ravi K Jain & Co

Noida

Others

View Details
Company
ARTICLESHIP 08 October 2026
ARTICLE TRAINEE

S.B.G. & CO. CHARTERED ACCOUNTANTS

New Delhi

CA Inter

View Details
Company
12 October 2026
Finance

I-Genext Consulting Private Limited

New Delhi

CA

View Details
Company
ARTICLESHIP 07 October 2026
Article assistant

S.K.Bajpai & Co.

Noida

B.Com

View Details
Company
ARTICLESHIP 28 September 2026
Junior Accountant

J S P M & Associates LLP

Pune

B.Com

View Details