interest rate on vat tax paid by late

interest rate on vat tax paid by late https://www.taxtmi.com/forum/issue?id=106051 A taxpayer asked the applicable interest rate for late VAT payment. Forum replies diverge: one suggests 1.5% per month; another cites 15% p.a. as simple interest calculated on a daily basis referencing the chapter INTEREST & PENALTIES; a third questions invoice-date accrual and proposes a different annual rate. One reply is unrelated contact information. en-us Wed, 04 Sep 2013 10:37:44 +0530 Thu, 23 Jan 2025 15:57:33 +0530 TaxTMI RSS Generator interest rate on vat tax paid by late https://www.taxtmi.com/forum/issue?id=106051 A taxpayer asked the applicable interest rate for late VAT payment. Forum replies diverge: one suggests 1.5% per month; another cites 15% p.a. as simple interest calculated on a daily basis referencing the chapter INTEREST & PENALTIES; a third questions invoice-date accrual and proposes a different annual rate. One reply is unrelated contact information. Discussion-Forum VAT / Sales Tax Wed, 04 Sep 2013 10:37:44 +0530 https://www.taxtmi.com/forum/issue?id=106051