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Discussion > VAT >

Interest on late payment of V.A.T. & C.S.T. ?

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Account Manager


[ Scorecard : 271]
Posted On 09 February 2008 at 16:01 Report Abuse

Hi friends,

I have problem see i have not paid VAT & CST from 1st Apr'2007 till today?

Now how to calculate the interest for late payment of VAT & CST & at what rate?

Please help me out.

Regards

Sanjiv Shah



Total thanks : 1 times

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MANAS ROUT
CA


[ Scorecard : 708]
Posted On 12 February 2008 at 19:25

1% per month on the amount of vat payable and 2500/- penalty per month for nonfilling of vat monthly return.


Total thanks : 2 times




debashisdey
Accountant


[ Scorecard : 27]
Posted On 21 August 2009 at 13:54

Hi Frnds

I have Deposited CST  payment 2 days late f.y.2007-08, So how could i calculate interest as on 20.08.09 at what rate ?

please help me out .

Debashis

 




debashisdey
Accountant


[ Scorecard : 27]
Posted On 21 August 2009 at 16:41

Originally posted by :debashisdey
" Hi Frnds
I have Deposited CST  payment 2 days late f.y.2007-08, So how could i calculate interest as on 20.08.09 at what rate ?
please help me out .
Debashis
 
"


 



Total thanks : 1 times



ramesh
account officer


[ Scorecard : 21]
Posted On 18 May 2010 at 18:10

what is rate of tax on late payment of d vat & cst




Sagar Tupe
Accountant


[ Scorecard : 45]
Posted On 12 February 2011 at 16:51

What is the rate of interest on late payment of VAT or CST




Rajan Kumar Chauhan
Accountant


[ Scorecard : 65]
Posted On 13 September 2011 at 12:33

Hi , friends ,

 pls. help me , i have some probluem regarding , Late payment of CST, & VAT payment in Uttarakhand . kindly tale me the , fine laived on me or interest rate of late payment .




Sunita
CA


[ Scorecard : 55]
Posted On 08 October 2011 at 18:54

Hi All,

Gud eve!

Friends till 31.3.2011 I was supposed to pay six mnthly vat liability. Now since we have crossed the limit and now need to pay n file quaterly but forgot to file till june.Now we r paying n filing for entire six mnths ie apr to sep. so wat is the consequence re: int , penalty etc. pls tell me its urgent. (apllicable :Maharashtra vat)

Thanks in adv!




CA R MUTHURAJ
MANAGER - TAXATION


[ Scorecard : 32]
Posted On 18 May 2012 at 13:02

 

As per Sec 43 (3) of Tamil Nadu VAT Act,  On any amount remaining unpaid after the date specified for its payment as referred to in subsection (1) or in the order permitting payment in instalments, the dealer or person shall pay, in
addition to the amount due, interest at one and a quarter per cent per month of such amount for the
entire period of default:



Ravi Kedia
Accounts/Finance Executive


[ Scorecard : 22]
Posted On 14 August 2012 at 12:30

Hi ALL,

My client has not received C Form against the sale of goods in other state...so what rate of interest will be paid along with the difference of VAT and CST payable.

 



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