Interest on vat payment
This query is : Resolved
Nitin Khaire
(Querist)
21 January 2016
Sir
My sales tax of December due date is 21st Jan if i did not paid then how many interest i want payable.
My sales tax of December due date is 21st Jan if i did not paid then how many interest i want payable.
KAVIRAJA ADDANGADI
(Expert)
21 January 2016
Normaly 1.5% P.M & You are also liable to pay Penalty 10% , but you have not mentioned which state you have registered VAT?
Nitin Khaire
(Querist)
21 January 2016
My Vat Registration state is Maharashtra.If I paid Vat 30th Jan then as per 1.5% interest how many month i will count.
KAVIRAJA ADDANGADI
(Expert)
21 January 2016
2 months interest you have to pay.
Nitin Khaire
(Querist)
21 January 2016
Thank you sir
and what about penalty
and what about penalty
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