Mvat payment
This query is : Resolved
13 February 2012
Hi...
I am a Sixmonthly MVAT return filer. I have a query regarding the payment of MVAT. If the MVAT payment is due in Jan 2012, when I have to pay the MVAT on or before 21st Feb 2012 or 21st April 2012. Please reply..
Thanks in Advance..
I am a Sixmonthly MVAT return filer. I have a query regarding the payment of MVAT. If the MVAT payment is due in Jan 2012, when I have to pay the MVAT on or before 21st Feb 2012 or 21st April 2012. Please reply..
Thanks in Advance..
CA CS Pawan Jajoo
(Expert)
13 February 2012
You have to pay vat before 30th april.Its 30 days period for Six monthly filers.
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13 February 2012
Hi Pawan,
Thanks for the reply.
I have one more query. What is the interest rate for late payment of MVAT.
Please reply...
Thanks for the reply.
I have one more query. What is the interest rate for late payment of MVAT.
Please reply...
Prakash Kochar
(Expert)
14 February 2012
(1) The rates of interest shall be one and a quarter per cent. of the amount of delayed payment of tax, for each month or for part thereof u/r.88.
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CA CS Pawan Jajoo
(Expert)
14 February 2012
Yes interest is to be by making daywise calculation @ 1.25 % p.m
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