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Penalty

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Querist : Anonymous

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Querist : Anonymous (Querist)
13 May 2012 what is penalty for short payment of cst
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CA CS Pawan Jajoo

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CA CS Pawan Jajoo (Expert)
14 May 2012 Interest @ 1.25 pm.

If you have received notice against any Assessement then Penalty will also be levied
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MJ Krishnamurthy

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MJ Krishnamurthy (Expert)
15 May 2012 Mr Author,
It varies in many states. However, interest has to be paid on the difference @1.5%pm and 10% penalty.
MJK
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