Interest On Late Payment of VAT ?

Sanjivkumar Shah (Account Manager) (286 Points)

22 May 2008  

Hi Friends,

1. Let me know how to calculate interest on late payment of vat i.e Apr'08 Vat is due on 21.05.08 but due to some problem i failed to filed Vat return on time. Now i have filed on 15.06.2008 then how to calculate interest on above conditions as it is under M.V.A.T. & at what rate interest is applicable.

If you have excel file for interest Calculation then you post in share files?