Cal. of interest due to delay of payment of service tax
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
10 September 2015
Dear sir , I want to calculate Interest on service tax For my company . The interest will be calculated for delay of 16 month as given below
Total tax due as on April.14 Rs.46068.00 Interest as on 6th sept.2015 ?
Total tax due as on May.14 Rs. 302591.00
Interest as on 6th Sept.2015 is ?
Total tax due as on April.14 Rs.46068.00 Interest as on 6th sept.2015 ?
Total tax due as on May.14 Rs. 302591.00
Interest as on 6th Sept.2015 is ?
14 September 2015
From 1st October 2014, interest on late payment of duty has to be calculated on daily basis i.e. a%/365 x no.of days delay.
The rates of interest:
For the first 180 days 18% p.a.
For the next 180 days 24% p.a.
In excess of 12 months 36% p.a.
You will have to calculate the interest payable accordingly.
The rates of interest:
For the first 180 days 18% p.a.
For the next 180 days 24% p.a.
In excess of 12 months 36% p.a.
You will have to calculate the interest payable accordingly.
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Taxable or Tax exempt
- CAPITAL GAIN BASE ON NOTIFICATION
- Form 140 tds
- TDS Deducted AY-2013-14 Not Reflected in 26as
- ADVANCE PAYMENT OF ADVOCATE
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- NRI starting business in India
- Demand Outstanding AY 2013-14 TDS Deducted not shown in 26as
- CREDIT NOTES WITHOUT GST
- UNWANTED CREDIT BALANCE OF GST AS PER BOOKS
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
