Interest on late payment of V.A.T. & C.S.T. ?

Hi friends,

I have problem see i have not paid VAT & CST from 1st Apr'2007 till today?

Now how to calculate the interest for late payment of VAT & CST & at what rate?

Please help me out.

Regards

Sanjiv Shah

Replies (11)
1% per month on the amount of vat payable and 2500/- penalty per month for nonfilling of vat monthly return.

Hi Frnds

I have Deposited CST  payment 2 days late f.y.2007-08, So how could i calculate interest as on 20.08.09 at what rate ?

please help me out .

Debashis

 

Originally posted by :debashisdey
" Hi Frnds
I have Deposited CST  payment 2 days late f.y.2007-08, So how could i calculate interest as on 20.08.09 at what rate ?
please help me out .
Debashis
 
"


 

what is rate of tax on late payment of d vat & cst

What is the rate of interest on late payment of VAT or CST

Hi , friends ,

 pls. help me , i have some probluem regarding , Late payment of CST, & VAT payment in Uttarakhand . kindly tale me the , fine laived on me or interest rate of late payment .

Hi All,

Gud eve!

Friends till 31.3.2011 I was supposed to pay six mnthly vat liability. Now since we have crossed the limit and now need to pay n file quaterly but forgot to file till june.Now we r paying n filing for entire six mnths ie apr to sep. so wat is the consequence re: int , penalty etc. pls tell me its urgent. (apllicable :Maharashtra vat)

Thanks in adv!

 

As per Sec 43 (3) of Tamil Nadu VAT Act,  On any amount remaining unpaid after the date specified for its payment as referred to in subsection (1) or in the order permitting payment in instalments, the dealer or person shall pay, in
addition to the amount due, interest at one and a quarter per cent per month of such amount for the
entire period of default:

Hi ALL,

My client has not received C Form against the sale of goods in other state...so what rate of interest will be paid along with the difference of VAT and CST payable.

 

HAI ALL

I HAVE REGISTERED FOR AP VAT 4 MONTHS BACK. i HAVE NOT YET  FILED RETURNS YET.

CAN  ANY ONE TELL ME HOW TO PROCEED TO FILE RETURNS AND PENALTY PAYMENT.

THANKS IN ADVANCE.

 

please let me know how to calculate interest & penalty on mvat late return file

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