interest on delayed vat/cst payment
This query is : Resolved
arvind nashte
(Querist)
13 August 2009
we have paid vat for the month of April 2009 on 02.06.2009 which was due on 21.05.2009. We have paid interest @ 1.25% p.m. for 12 days.
As per the opinion of our cosultnat we have to pay interest for 2 month i.e for May & June.
As per the opnion of our auditor we have to pay interest for one month
Pl inform who is correct
Regards
Arvind
As per the opinion of our cosultnat we have to pay interest for 2 month i.e for May & June.
As per the opnion of our auditor we have to pay interest for one month
Pl inform who is correct
Regards
Arvind
Vishnu Saboo
(Expert)
14 August 2009
u did right.
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