Interest on Advance Receipts

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..... Interest on Advance Receipts
Query (Issue) Started By: - MUNIRAJ SRINIVASAN Dated:- 24-2-2015 Last Reply Date:- 24-2-2015 VAT + CST
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VAT / Sales Tax
Dear Sir, I need clarific .....

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..... ation that Works Contract delay payment of tax for Advance receipt is interest is applicable ? kindly explain legal procedure ? Reply By MARIAPPAN GOVINDARAJAN: The Reply: Once the bill is issued th .....

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..... e service tax raised in that invoice is liable to be paid whether the same amount has not been received or not within the time stipulated in the Rules. If there is a delay in payment interest is liabl .....

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..... e to be paid from the date of due to the date of payment.
Discussion Forum - Knowledge Sharing .....

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