interest rate on vat tax paid by late , VAT + CST

[praveen kumar]

we paid may-12 vat tax on aug-2013 . what is the interest rate applicable

Posts / Replies

[Pradeep Khatri]

1.5% p.m.

[PARVEEN ARORA]

Interest Pyabale on delayed payment of tax is 15% p.a simple interest calculated on daily basis as per the chapter INTEREST & PENALTIES

[Dhanesh Kabadi]

Dear Sir, this liability will arise from the date of invoice ? & interest is 1.25 percent P.A. ?Pls. shared the Link.

[tarun sharma]

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