Interest on short excise duty
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
12 April 2012
Dear all,
INTEREST OF SHORT PAYMENT OF EXCISE DUTY IS 18% IT'S MONTLY/YEARLY ????
Uday
INTEREST OF SHORT PAYMENT OF EXCISE DUTY IS 18% IT'S MONTLY/YEARLY ????
Uday
RAMESH KUMAR VERMA
(Expert)
12 April 2012
interest will be applicable 18% per annum, if assesse fails the amount the duty or short payment in prescribed time period outstanding payment will be given @18%per annum for the period started first day after due date till the date of actual payment of actual payment of the OUTSTANDING AMOUNT.
regards,
regards,
CA Kishore Tallam
(Expert)
12 April 2012
Agree with expert.
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