Rate of Interest.
This query is : Resolved
28 October 2010
Hi Friends,
Please let me know, what exact rate of interest on late payment of vat in Tamilnadu.
Bye
Uma
Please let me know, what exact rate of interest on late payment of vat in Tamilnadu.
Bye
Uma
27 November 2010
The interest calculated at the rate of 1.25% per month, calculated from the due date of return to till the date of filing. Interest for the part of the month is to be calculated proportionately.
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