vat payment
This query is : Resolved
20 January 2011
Hi everyone
I have one query , pls. reply
what is the criteria for deciding whether vat to be paid monthly, qtr'ly or yearly, and what is the interest rate for paying vat late and also for non submission of returns.
Ours is a proprietory firm established in sept 2009, since then we have not pd. the vat nor the vat returns.We are covered under MVAT. Our turnover for the fy is 35,00,000/- and for the current yr is 1 crore.
I have one query , pls. reply
what is the criteria for deciding whether vat to be paid monthly, qtr'ly or yearly, and what is the interest rate for paying vat late and also for non submission of returns.
Ours is a proprietory firm established in sept 2009, since then we have not pd. the vat nor the vat returns.We are covered under MVAT. Our turnover for the fy is 35,00,000/- and for the current yr is 1 crore.
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