06 November 2012
SIR A GOVT. DEPT COLLECTING ST FROM PUBLIC FOR PROVING SERVICE. IT RAISES BILL AND COLLECTS THE BILL AMOUNT INCLUDING ST WITHIN 15 DAYS. FOR EXAMPLE IT RAISED BILL ON 30TH APR AND COLLECTED THE AMOUNT ON 10TH MAY. SO WILL IT LIABLE TO PAY INTEREST AS IT HAS TO DEPOSIT THE SAID AMOUNT ON OR BEFORE 5TH MAY?