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Interest on late payment of service tax

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(Querist)
16 March 2015 Please tell me weather interest on late payment of service tax is calculated on day Basis or on month/part of the month basis?Thanks
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Rajesh Sharma

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Rajesh Sharma (Expert)
16 March 2015 Hi,

The interest is to be calculated on day basis only.

Regards

Rajesh Sharma

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