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Interest penalty

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(Querist)
21 April 2010 My query is that if VAT payable is more than 2000/- per month then it should be paid monthly & instead of monthly payment if it is paid quaterly than what should be the interest penalty on such delayed payment of VAT?
Waiting for Answer.........
thanx for ur reply but can u further clarify that-
suppose for quarter ending 2nd vat payable is 22592/- and vat deposited on 27-10-2009
than wht should be the interest penalty on such delayed payment????????
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CA Kapil B Gupta

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CA Kapil B Gupta (Expert)
21 April 2010 15% p.a. on day basis.
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CA Ashok Kumar Sahu

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CA Ashok Kumar Sahu (Expert)
21 April 2010 YES, 15%
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CA Ravi Sisodia

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CA Ravi Sisodia (Expert)
21 April 2010 15 %
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CA.Fakhruddin

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CA.Fakhruddin (Querist)
22 April 2010 thanx but reply for second part also of my ques..........
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