Interest penalties on vat
This query is : Resolved
17 June 2014
Hi,everyone good morning to all,
my question is,my company vat liabilities is Rs.388680/-for the month of Apr-14 but we didn't pay yet because funds problem.now what should we pays interest on vat.i know the interest rate 18% p.a. pls let me know calculations. pls provide me sufficient solution & details.
Thanks!
my question is,my company vat liabilities is Rs.388680/-for the month of Apr-14 but we didn't pay yet because funds problem.now what should we pays interest on vat.i know the interest rate 18% p.a. pls let me know calculations. pls provide me sufficient solution & details.
Thanks!
Vishnu Saboo
(Expert)
17 June 2014
calculate delayed days i.e. diff between deposit days - due date and then calculate the interest.
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