Late payment interest rate.

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Querist : Anonymous (Querist)


16 April 2012

Dear Sir/Madam,

What is rate of interest on late payment of MVAT and late filling of quarterly return ?

pls.

Regards,

Rajendra

CA CS Pawan Jajoo (Expert)


16 April 2012

Its 1.25 % p.m calculated daywise



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