Check sibling questions

Late Payment Interest also depends upon state to state


Interest Rate in DVAT

In Delhi,if vat is deposited late,then 15% p.a. interest is applicable from due date


For Example



Vat Computation Of March

Output Vat=10000

Input Vat=7000

Vat Payable

Suppose Vat challan of March paid on 10 May

What is interest payable?


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Davneet Singh is a graduate from Indian Institute of Technology, Kanpur. He has been teaching from the past 12 years. He provides courses for Maths and Science at Teachoo.