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Vat

This query is : Resolved 

28 May 2015 how to Calculate Vat Interest ?
& Last date of Deposit VAT Tax ???

29 May 2015 VAT INTEREST IS CALCULATED ON DAY BASIC.THE INTEREST FOR VAT IS 15% P.A FOR DELAY IN PAYMENT.DUE DATE TO DEPOSIT VAT IS DEPENDS UP ON THE FREQENCY GIVEN BY DEPARTMENT

FOR MONTHLY RETURN- 21 OF NEXT MONTH

FOR QUARTERLY- 21 OF NEXT MONTH AFTER COMPLETING ONE QUARTER IE.APR-JUNE 15 (FOR PAYMENT 21 JULY IS LAST DATE)

FOR HALF YEARLY - 21 OF NEXT MONTH AFTER COMPLETING ONE HALF IE.APR-SEP 15 (FOR PAYMENT 21 OCT IS LAST DATE)


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