Interest or penalty on late payment of mvat
This query is : Resolved
18 February 2012
Respected Sir,
What is the inerest rate on late payment of MVAT & CST?
and How to calculate it?
What is the inerest rate on late payment of MVAT & CST?
and How to calculate it?
18 February 2012
Interest rate is 1.25% per month. First calculate the delay in days and apply the rate daywise.
Message likes :
2 times
18 February 2012
Suppose Your Due date is 21-04-2011 and you paid vat on 30-05-2011 then delay in days is 39 days, suppose tax payable is Rs. 10000 then int will be [(10000*1.25*12%)/365]*39that is 160.27 Rs.
Message likes :
5 times
19 April 2016
12% stands for wot??
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Manual Rectification through AO
- IT Return filed defective u/s 139 (9)
- Fixed Deposit Claim Relinquishment by the Nominee
- Defective Return - Tds on advance
- Income Type for interest from government bonds
- TCS ON SOFTWARE SALES
- Not a CA , can we prepare balance sheet
- Valuation of diamonds as on 01.04.2001
- What is meaning of merging of expenses or income in accounts
- Accounting treatment of write off sundry debtors
- Gstr 9 2023-24
- GSTR-9 HSN Summary and Credit Note without item
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- GST RCM not shown in GSTR-3B
- Bill from Dispatched from issue.
Trending Online Classes
-
Landmark Judgments: Important Provisions of the EPF & ESI Act interpreted by the Honorable Supreme Court of India
Mr.Balamurugan Ranganathan15 November 2024
CAclubindia
