interest rate of late payment and panelty in uttarakhand

[Rajeev Khulbe]

 

                                          good evning sir,

                                                                                        can you told me the interest rate of late payment  of vat and cst in uttarakhand. and also told me panelty of late return of vat

[YAGAY and SUN]

Section 58 of the Uttarakhand VAT Act as amended time to time do have jurisdiction over this aspect.  For details, please click on the appended link.

http://comtax.uk.gov.in/files/VAT/VAT%20ACT/S-58.pdf

 

AI Summary

Late payment interest and penalty under VAT governed by statutory provision; consult Section 58 for applicable rates.
Interest and penalties for delayed VAT/CST payments and late returns are governed by the statutory regime; the respondent cited Section 58 of the Uttarakhand VAT Act as the operative provision having jurisdiction over interest on late payment and penalties for late filing, and directed the inquirer to consult that provision for the specific rates and procedural details.