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Late payment

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(Querist)
24 April 2017 In the case of late payment of vat. We should pay both penalty & interest.
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Guest (Expert)
24 April 2017 On late payment only interest is to be paid along with tax amount
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shital

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shital (Querist)
24 April 2017 What about penalty
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Guest

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Guest (Expert)
24 April 2017 Penalty is to be paid on late filing of return and not in case of late payment.
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