Penalty and Interest for late payment of Vat

Tuesday, 17 September 2013 09:28

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The due date for payment of vat is 20th of the month. But what is the penalty and interest if we pay vat after the due date.

3 Replies

U

User

Tuesday, 17 September 2013 12:25

VAT is a state tax. The interest on delayed payment is @ 1.25 % per month.

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U

User

Wednesday, 18 September 2013 17:01

You are penalizing penalty by misspelling it as 'penality'!!! :lol: :lol: :lol: :lol: :lol:

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U

User

Thursday, 19 September 2013 06:10

You are penalizing penalty by misspelling it as 'penality'!!! :lol: :lol: :lol: :lol: :lol:[/quote

Thank you. I shall correct this by edit.

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@chinnu

Created Tuesday, 17 September 2013 09:28

Last Updated Tuesday, 30 November -0001 00:00

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