What is the interest amount for late filling of returns under tn VAT act?

Belated filing of returns under Tamil Nadu Value Added Tax Act 2006 will attract interest at the rate of two per cent per month in addition to the tax amount due for the entire period of default with effect from 29.5.2013 and prior to 29.5.2013 at the rate of one and a quarter per cent under Section 42 of the TNVAT Act, 2006.

Reply from:

ABHIVIRTHI Tax and Industrial Consultancy

R.R.JAGADEESAN

VAT PRACTITIONER AND INDUSTRIAL CONSULTANT

H-63, PALAAMI ENCLAVE

NEW NATHAM ROAD

MADURAI-625 014

CELL. 9994990599