Please confirm me the latest rate of interest on late payment of Haryana VAT. Is it 1.5% or is it 1%?? If possible please also mention the notification (ammendment) no. and date. We are having a huge discussion/ arguement with the client.
Susan Shakya (13 Points)
12 July 2016Please confirm me the latest rate of interest on late payment of Haryana VAT. Is it 1.5% or is it 1%?? If possible please also mention the notification (ammendment) no. and date. We are having a huge discussion/ arguement with the client.
Parihar Gopal
(Corporate Taxation )
(392 Points)
Replied 12 July 2016
Hi Susan ,
late payment interest @ 1.5% per month for delay upto three months and 3% per month if the delay is beyond three months will be payble for haryana Vat.
SANDEEP JAIN
(Tax Consultant)
(487 Points)
Replied 29 November 2022
18% for first 90 days and afterwards 24%
GST Live Certification Course (39th Batch) - April 2024 (Weekend Batch) (With Certificate)
"Live class on Python for Financial Analysis: Unlocking Efficiency in Accounting and Finance"
CAclubindia
