Hello,
I want to know about the procedure of calculating interest on delay in deposit of Monthly VAt?
whether it is calculated month -wise or Day-wise?
Amit kedia (article) (200 Points)
16 March 2009Hello,
I want to know about the procedure of calculating interest on delay in deposit of Monthly VAt?
whether it is calculated month -wise or Day-wise?
Purvesh G. Ganatra
(Tax Advocate)
(258 Points)
Replied 03 September 2009
Sir,
In the gujarat state is calculated on day basis the rate of interest is @ 18%.
Regards
Purvesh
M :- 9825553344
CAclubindia
