Interest & penalty on karnataka entry tax

Nitin (Asst. Manager Finance) (24 Points)

30 July 2013  

We are dealers in Karnataka. We have purchased Capital Goods in 2011-12 & 2012-13 from outside karnataka. But we have not paid entry tax on the same. Now we have decided to pay the same with interest & penalty if any. what is the rate of interest & for what period we should pay the interest.

Regards,

Nitin