interest on delayed payment of vat
This query is : Resolved
20 January 2011
1)vat , for the month apr10, paid on 22/06/10. then, how much interest should i pay ?
2)vat , for the month apr10, paid on 24/05/10. then, how much interest should i pay ?
3) should i pay interest daywise or monthwise?
2)vat , for the month apr10, paid on 24/05/10. then, how much interest should i pay ?
3) should i pay interest daywise or monthwise?
20 January 2011
it's monthly interest @ 1.25% p.m.
so in your case, it 2 months X 1.25=2.5%
and
1 month X 1.25%= 1.25%
so in your case, it 2 months X 1.25=2.5%
and
1 month X 1.25%= 1.25%
20 January 2011
interest will be paid monthwise
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Tax on Amount transferred in HUF Account
- Nursery business
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- GST REFUND ISSUE ON PURCHASE OF PLANT AND MACHINERY
- TDS on Dashcam rent and allied services
- Working on Gold wastage during Melting of old gold jewellery
- Section 269ST applicability for capital introduced by partner to his partnership firm
- Gift to nri relatives residing in usa
- GST input credit on commercial property
- ETDS return q4 25-26
- GSTR-9C filing
- Royalty payments to the Mining Department for procurement of murum - GST input
- HOW TO ADJUST CREDIT NOTE AMOUNT ?
- Import Order Cancelled.
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
