Query related to builder
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
02 February 2013
Respected Sir,
What interest rate to be applied for late payment of Vat @ 1% u/s 42( 3A)by Builder for FY 12-13?
Whether interest to be paid on month basis or day basis??
Whether interest rate is 13% p.a or 15% pa??
What interest rate to be applied for late payment of Vat @ 1% u/s 42( 3A)by Builder for FY 12-13?
Whether interest to be paid on month basis or day basis??
Whether interest rate is 13% p.a or 15% pa??
CA CS Pawan Jajoo
(Expert)
04 February 2013
Interest is 1.25 % per month, calculated daywise.
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