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rate of interest on late payment

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(Querist)
09 November 2008 what is the rate of interest for late payment of cst & dvat
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Ram Avtar Singh

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Ram Avtar Singh (Expert)
09 November 2008 Now, under sub section (2) of section 42 of the Delhi Value Added Tax Act-2004, a person defaulting in payment shall pay an interest at the rate of 15 per cent in addition to the amount of tax due to him.

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