Interest penalty
This query is : Resolved
CA.Fakhruddin
(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????????
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????????
CA Kapil B Gupta
(Expert)
21 April 2010
15% p.a. on day basis.
CA Ashok Kumar Sahu
(Expert)
21 April 2010
YES, 15%
CA Ravi Sisodia
(Expert)
21 April 2010
15 %
CA.Fakhruddin
(Querist)
22 April 2010
thanx but reply for second part also of my ques..........
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