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Interest under MVAT

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(Querist)
28 June 2010 how to calculate interest under the provisions of Maharashtra VAT for late payment of taxes..if due date is 21st june and i pay on 2nd july whether i have to pay interest for 11 days or otherwise two months?
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seema chouhan

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seema chouhan (Expert)
29 June 2010 you have to pay interest for 11 days only

(Interest rate is 1.25% per month)
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