Karnataka vat
This query is : Resolved
28 August 2012
Dear all,
Under VAT laws when we are paying interest for late filing, how to calculate the interest amount?
whether after adjusting the input credit or on whole output tax?(before adjusting the input credit on purchase)
Under VAT laws when we are paying interest for late filing, how to calculate the interest amount?
whether after adjusting the input credit or on whole output tax?(before adjusting the input credit on purchase)
01 September 2012
Ravi,
Interest is calculated after adjustment of input vat credit.
Interest is calculated after adjustment of input vat credit.
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