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Discussion > Service Tax > Queries >

Very urgent interest calculation of service tax payment

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IPCC

[ Scorecard : 742]
Posted On 11 April 2012 at 13:47 Report Abuse

How to calculate interest for late of service tax is interest calculate separately for Service tax, education cess & higher cess since all of these have difference code for interest payment eg.



Service tax 7000.00 code 197

Edu Cess 140.00     Code 298

Higher Cess 700.00 code 426

 

Please calculate interest on above mentioned eg. if last date of payment is 31 st March 2012







thanks



kavitha
studying final

[ Scorecard : 827]
Posted On 11 April 2012 at 16:41

7000+140+70*11/366 days(if u are paying today)




Hemchand
IPCC

[ Scorecard : 742]
Posted On 12 April 2012 at 09:31

But this amount will be bifurcate in edu cess or high cess or not 



CA Nikhil Jhanwar
CA,CS

[ Scorecard : 2425]
Posted On 12 April 2012 at 15:32

For interest there is a single code and it will not be bifurcated to education cess and S & H Cess


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