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matter of calculation

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Guest

Guest (Querist)

13 November 2010 good morning sir, sir clear my this query -sir plz tell me the calculation of cst int.rate is 1.25% in uttarakhand. supose i m late & i m deposit it after 3 days(after due date) than how i do calculate it.my cst for the month of october is 989111 i m late to deposit only 3 days.than how i will calculation of this.plz tell me calculation
989111*1.25/100*3/365---102 or
989111*1.25/100-12364
in both calculation which calculation is right.plz sir reply.in this query some expert tell me that the calculation is

989111*1.25/100/31*3-1196.
but sir as per my knowledge calculation is

989111*1.25/100-12364.
than sir plz clear my doubt..

Manoj Garg

Manoj Garg (Expert)
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13 November 2010 As per Interest on VAT is concern, it is calculated on the basis of delayed days. The Interest 1.25 is monthly therefore Interest Rs. 1196.00 is correct.

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