Section 7 of Andhra Pradesh Value Added Tax Act, 2011

7. Amendment of section 22.

In the principal Act, in section 22,-

(1) in sub-section (2), for the words "interest calculated at the rate of one percent per month" the expression "interest calculated at the rate of one and quarter (1.25%) percent per month" shall be substituted;

(2) in sub-section (6), in clause (b), for the words "interest at the rate of one percent per month" the expression "interest calculated at the rate of one and quarter (1.25%) percent per month" shall be substituted.