185A. Determination of interest payable by a dealer for delayed payment of compounded amount of tax

Where a dealer is liable to pay interest under section 32A for delayed payment of compounded amount of tax payable in respect of a year in accordance with the provisions of section 30A, the appropriate assessing authority shall, immediately after full payment of such tax or commencement of the proceedings under section 52, whichever is earlier, determine the amount of interest payable by such dealer in respect of such year and issue necessary demand notice in the manner provided in rule 186.