f9e7b688_ckoner_of_Punjab_VAT_Act__2005__Rate_of_simple_Interest
[Nature of Delay] Failure to pay amount of tax or penalty on demand issued by department [Section] 32(4) [Rate of simple Interest] 
1.5% of amount of tax or penalty due per month from the date of expiry of notice period or 30 days
BEDI ADVOCATES: Ready Reckoner of Punjab VAT Act, 2005
Rate of simple Interest