Calculation of interest
This query is : Resolved
07 October 2011
How is the Calculation of Interest on Late Payment of Service Tax done?
is it on daily basis?
whether part of a month is considered as full month?
the rate of interest for ay 11 - 12 is 13% or 18%?
is it on daily basis?
whether part of a month is considered as full month?
the rate of interest for ay 11 - 12 is 13% or 18%?
CA Ankit Verma
(Expert)
07 October 2011
It is on daily basis...
& rate of interest for ay 11 - 12 is 13%
& rate of interest for ay 11 - 12 is 13%
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