Late filing of excise returns
This query is : Resolved
28 December 2013
Dear Sir
If we pay and file Excise return late by one month, what is the rate of interest government will charge us.
Thanking You
Amruth Kumar
If we pay and file Excise return late by one month, what is the rate of interest government will charge us.
Thanking You
Amruth Kumar
Arun Kumar Singh
(Expert)
01 January 2014
If you have to pay the duty after due date then interest will be applicable @ 18% per annum and maximum penalty of Rs. 5000/- can be imposed for late filing of return.
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