Hi,
we neither filed returns nor paid vat liability under AP VAT since 2012 -13. Could you please confirm that what is the interest rate and penalty rate for filing of late returns, as well as on payment of liability.
Rajasekhar
rajasekhar (Asst Manager - Finance) (36 Points)
22 January 2014Hi,
we neither filed returns nor paid vat liability under AP VAT since 2012 -13. Could you please confirm that what is the interest rate and penalty rate for filing of late returns, as well as on payment of liability.
Rajasekhar
K.Naveenbabu
(Article's)
(37 Points)
Replied 21 December 2016
15 % simple interest on late payment
10% penalty