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matter of int. of sales tax

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Guest

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Guest (Querist)
20 November 2010 good morning to all expert,
plz tell me to late pmt. of sales tax than int. is 1.25%.now sir plz tell me.as a basic knowledge when i will paid panelty. if i am late to deposit my sales tax return.

regards
raju
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B R Ramesh

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B R Ramesh (Expert)
20 November 2010 Hi

the interest is 1.25% P/m calculated after the due date.

& penalty is 10 % over the tax liability

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