Dvat delay deposit interest rate & method

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Querist : Anonymous (Querist)
23 December 2012 How to calculate simple interest for late deposit of Delhi vat & cst by 5 days and what is the annual interest rate at this time

thanks
Manoj Sharma

23 December 2012 (TO BE PUBLISHED IN PART IV OF THE DELHI GAZETTE-EXTRAORDINARY)
GOVERNMENT OF NATIONAL CAPITAL TERRITORY OF DELHI
FINANCE (ACCOUNTS) DEPARTMENT
DELHI SACHIVALAYA, I.P. ESTATE, NEW DELHI-02.
No.F.101(327)/2005-Fin.(A/Cs)(i)/301 Dated : 25th April, 2005.
NOTIFICATION
No.F.101(327)/2005-Fin.(A/Cs)(i)/301 - In exercise of the powers conferred by subsection
(1) of section 42 of the Delhi Value Added Tax Act, 2004 (Delhi Act 3 of 2005), the Lt.
Governor of the National Capital Territory of Delhi, hereby, notifies the annual rate of interest at
the rate of eight percent for the purpose of the said section.
This notification shall come into force with immediate effect.
By order and in the name of the Lt. Governor of
the National Capital Territory of Delhi,
(T.S. Sethi)
Under Secretary Finance (A/Cs)
No.F.101(327)/2005-Fin.(A/Cs)(i)/302-311 Dated : 25th April, 2005
Copy forwarded for information and necessary action to:
1. The Pr. Secretary (GAD), Govt. of NCT of Delhi with one spare copy for its publication in
Part-IV of Delhi Gazette (Extra-ordinary) in today’s date.
2. The Secretary, Govt. of India, Ministry of Home Affairs, North Block, New Delhi.
3. The Secretary, Govt. of India, Ministry of Finance, Deptt. of Revenue, Jeevan Deep Building,
New Delhi.
4. The Principal Secretary (Finance), Govt. of N.C.T. of Delhi, Delhi Sachivalaya, New Delhi.
5. The Secretary to Finance Minister, G.N.C.T. of Delhi, Delhi Sachivalaya, New Delhi.
6. The Commissioner of Value Added Tax, Bikri Kar Bhawan, New Delhi.
7. The Registrar, Sales Tax Appellate Tribunal, Bikrikar Bhawan, New Delhi.
8. The Deputy Secretary (L&J), Govt. of NCT of Delhi, Delhi Sachivalaya, New Delhi.
9. VAT Officer (Policy), Value Added Tax Department, Bikri Kar Bhawan, New Delhi.
10. Guard File.
T.S. Sethi)
Under Secretary Finance (A/Cs

23 December 2012 18% annual rate of interest

No.F.101(327)/2005-Fin.(A/Cs)(i)/301 Dated : 25th April, 2005.


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Querist : Anonymous

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Querist : Anonymous (Querist)
23 December 2012 dvat interest calculate on day wise ?



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