Late payment

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shital (Querist)
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24 April 2017 In the case of late payment of vat. We should pay both penalty & interest.

Guest

Guest (Expert)

24 April 2017 On late payment only interest is to be paid along with tax amount

shital (Querist)
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24 April 2017 What about penalty

Guest

Guest (Expert)

24 April 2017 Penalty is to be paid on late filing of return and not in case of late payment.

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