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Interest and penalty

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28 August 2009 what is interest and penalty for delay in submitting of vat monthly returns under Composition and also some tax due.
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Sanjeev Kumar

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Sanjeev Kumar (Expert)
31 August 2009 Intt. @15% and penalty for delay submission of return a sum of Rs. 100/- par day. further please not if a compossit delear made such type of default than he can't enjoy compossition sch. further

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