29 May 2015
VAT INTEREST IS CALCULATED ON DAY BASIC.THE INTEREST FOR VAT IS 15% P.A FOR DELAY IN PAYMENT.DUE DATE TO DEPOSIT VAT IS DEPENDS UP ON THE FREQENCY GIVEN BY DEPARTMENT
FOR MONTHLY RETURN- 21 OF NEXT MONTH
FOR QUARTERLY- 21 OF NEXT MONTH AFTER COMPLETING ONE QUARTER IE.APR-JUNE 15 (FOR PAYMENT 21 JULY IS LAST DATE)
FOR HALF YEARLY - 21 OF NEXT MONTH AFTER COMPLETING ONE HALF IE.APR-SEP 15 (FOR PAYMENT 21 OCT IS LAST DATE)
CAclubindia
