Penalty and interest

This query is : Resolved

BHARATH (Querist)
Follow

13 February 2013 DEAR ALL

PLEASE LET ME KNOW REGARDING KVAT QUARTERLY VAT FILING RETURN HAS BEEN FILED IN TIME(15.01.2013) BUT UNFORTUNATELY STILL TAX PAYMENT(CHEQUE) NOT PAID TO THE LVO FOR RS.21000/- .

IN THIS REGARD I WANT TO KNOW WHAT WILL BE THE CHARGES TOWARDS INTEREST AND PENALTY?

RAGARDS
RAJ

CA. Hari Kishan

CA. Hari Kishan (Expert)
Follow

14 February 2013 Answering the query assuming KVAT referred to is for the state of Karnataka.

The penalty shall be 10% for delay in payment as per section 72 and interest at 1.5% under section 36

Message likes : 1 times

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

R M Shekhaliya

Amit Goyal

SHRI HARIRAO

Frank

Pushkar Nagda

Subscribe Now

Penalty and interest

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Senior Executive

GST CONSULTANT

Manager- Finance and Compliance

GST CONSULTANCY

Accountant

CA Final