Easy Office
LCI Learning

Interest on short excise duty

This query is : Resolved 
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
12 April 2012 Dear all,

INTEREST OF SHORT PAYMENT OF EXCISE DUTY IS 18% IT'S MONTLY/YEARLY ????


Uday
Profile Image

RAMESH KUMAR VERMA

Profile Image

RAMESH KUMAR VERMA (Expert)
12 April 2012 interest will be applicable 18% per annum, if assesse fails the amount the duty or short payment in prescribed time period outstanding payment will be given @18%per annum for the period started first day after due date till the date of actual payment of actual payment of the OUTSTANDING AMOUNT.

regards,
Profile Image

CA Kishore Tallam

Profile Image

CA Kishore Tallam (Expert)
12 April 2012 Agree with expert.
Upgrade to CAclubindia Pro. Subscribe Now!


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries



Live Budget News and Updates

Trending Online Classes

view all classess
Let's Talk Money: You've Worked Hard for It, Now Make It Work for You
Click here for more bestsellers


Answer Query



Quick Links