Interest rate under tnvat

This query is : Resolved 

23 September 2013 Dear sir,

Pls inform interest rate for late payment of CST due to the TNVAT with section.

thanks
karthik

24 September 2013 Belated submission of TNVAT Return will attract interest at one and a quarter per cent of the tax payable for every month or part thereof under section 42(4) of the Tamil Nadu Value Added Tax Act 2006.


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