PENALTY AND INTREST

[krishan sharma]

dear sir

I want know , what is the rate of intrest and penalty charged by sale tax department if a  deler fail to paid the tax amount and return filling with in the reasonable period allwoed by department and I also want know from you ,how many days allowed as reasonable period in the both cases for diffrents mode of payments and return filling

[CA Rachit Agarwal]

Interest and Penalty provisions differs from state to state.

AI Summary

Interest and penalty for late tax payment vary by state and depend on payment mode and filing rules.
Rates of interest and penalty for delayed tax payment and late return filing under VAT/CST depend on state law; applicable charges and the "reasonable period" for compliance vary by jurisdiction and by mode of payment and return submission, requiring consultation of the relevant state's statutory provisions or departmental rules.