TMI BlogInterest If VAT Amount not paid on Due date - AP VATX X X X Extracts X X X X X X X X Extracts X X X X ..... Dear Sir Can any one advise me what is the interest rate if assessee not paid the VAT amount on due date and what are the due dates to pay the VAT amount , either before Submission of VAT Return or ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... After Submission of VAT Return. - Reply By Pradeep Khatri - The Reply = It is @15%, simple interest computed on a daily basis. Under Section 51(1), if there is a failure to pay the tax due as ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... per the return filed then penalty would be levied @ 10% of the tax amount. - Interest If VAT Amount not paid on Due date - AP VAT - Query Started By: - guna ch Dated:- 1-1-2013 Value Added Tax - VA ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... T-CST - Got 1 Reply - VAT and Sales Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementind ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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