13 November 2010
good morning sir, sir clear my this query -sir plz tell me the calculation of cst int.rate is 1.25% in uttarakhand. supose i m late & i m deposit it after 3 days(after due date) than how i do calculate it.my cst for the month of october is 989111 i m late to deposit only 3 days.than how i will calculation of this.plz tell me calculation 989111*1.25/100*3/365---102 or 989111*1.25/100-12364 in both calculation which calculation is right.plz sir reply.in this query some expert tell me that the calculation is
989111*1.25/100/31*3-1196. but sir as per my knowledge calculation is
989111*1.25/100-12364. than sir plz clear my doubt..
13 November 2010
As per Interest on VAT is concern, it is calculated on the basis of delayed days. The Interest 1.25 is monthly therefore Interest Rs. 1196.00 is correct.
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