In Karnataka, if the VAT was paid after 10 days of due date, what will be other penalties, charges, interests etc. ? Please help.
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Penalty if delay in vat payment in karnataka
Replies (4)
Your e-sugam filing will be affected. Lot of hassles to make it functional.You may have to visit Karnataka sales Tax office and then you know......
Hi Mr.Shukla
penalty is 10% of the tax due if default is more than 10 days, along with interest @ 1.5%, for better understanding refet to section 72(1) of KVAT Act,2003
Thank you Mr. Shankar Reddy. V for updates.
yes i agreed above
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