Interest or penalty on late payment of mvat
This query is : Resolved
18 February 2012
Respected Sir,
What is the inerest rate on late payment of MVAT & CST?
and How to calculate it?
What is the inerest rate on late payment of MVAT & CST?
and How to calculate it?
18 February 2012
Interest rate is 1.25% per month. First calculate the delay in days and apply the rate daywise.
Message likes :
2 times
18 February 2012
Suppose Your Due date is 21-04-2011 and you paid vat on 30-05-2011 then delay in days is 39 days, suppose tax payable is Rs. 10000 then int will be [(10000*1.25*12%)/365]*39that is 160.27 Rs.
Message likes :
5 times
19 April 2016
12% stands for wot??
Message likes :
1 times
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
- GSTR-1A How to update Invoice
- Excess salary payment.
- Stamp Paper for partnership firm change new income tax 2025
- Capital gain from sale of house property
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- TDS on Purchase of Immovable Property by NRI from NRI
- Annual return in Gst
- When TDS on GST applied
- Before GSTAT- APL-02 Vs APL-04
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
- Updated return in budget 2026
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
