Late payment

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

02 May 2012 Sir/Madam,

Any one please help me.we submitted return on line with in due date.But Payment is not done. we paid Cst tax Payble amount after two months.My Query is what is the interest Rate & Any panality is there?

Kindly Provide this against Notification.

Thansk & Regards,
Balesh

CA CS Pawan Jajoo

CA CS Pawan Jajoo (Expert)
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03 May 2012 You have to pay 1.25 % p.m interest . and no penalty , as penalty is for Late Filing of Return

Querist : Anonymous

Querist : Anonymous (Querist)

12 May 2012 But sir we received notice from CTO,the notice is pay the penalty of 10% on Payable.

Kindly help me how to wave of the this penalty amount.

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CA CS Pawan Jajoo

CA CS Pawan Jajoo (Expert)
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14 May 2012 under which section notice is given

Querist : Anonymous

Querist : Anonymous (Querist)

14 May 2012 Notice mentioned
Tax Office records indicate that you have committed the following irregularity which is penalised under the provisions of CST Act.

Querist : Anonymous

Querist : Anonymous (Querist)

21 May 2012 Please Help me the below transaction.