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Payment and interest

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23 February 2013 When do we have to make VAT Payment i.e Monthly, Quarterly etc??? and what is the Due date of Payment and please tell me the Interest Rate on Delayed Payment and its Calculation thereof
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CA CS Pawan Jajoo

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CA CS Pawan Jajoo (Expert)
23 February 2013 In Maharashtra

Return periodicity depends on Previous year VAT Payment.

Interest rate is 1.25 % per month calculated day wise.
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Jay Parekh

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Jay Parekh (Querist)
23 February 2013 If i have to File Returns Quarterly than do i Have To Make VAT Payment Quarterly???
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CA CS Pawan Jajoo

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CA CS Pawan Jajoo (Expert)
23 February 2013 Yes . Periodicity is same for both payment and return
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Jay Parekh

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Jay Parekh (Querist)
23 February 2013 Thank You...!!!!

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