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

40442 views 11 replies

Sanjivkumar Shah

Account Manager

286 Points Joined October 2007

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)

MANAS ROUT

713 Points Joined February 2008

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

debashisdey

Accountant

27 Points Joined May 2009

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

debashisdey

Accountant

27 Points Joined May 2009

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	"

ramesh

account officer

21 Points Joined April 2010

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

Sagar Tupe

Accountant

46 Points Joined October 2010

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

Rajan Kumar Chauhan

Accountant

66 Points Joined March 2011

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 .

Sunita

55 Points Joined July 2009

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!

CA R MUTHURAJ

MANAGER - TAXATION

32 Points Joined February 2012

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:

Ravi Kedia

Accounts/Finance Executive

22 Points Joined April 2010

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.