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Rate of Interest.

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(Querist)
28 October 2010 Hi Friends,

Please let me know, what exact rate of interest on late payment of vat in Tamilnadu.

Bye

Uma
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S. Karthi

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S. Karthi (Expert)
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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