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
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