calculation Of Interest on service tax
This query is : Resolved
06 February 2009
my Company is advertsing Company , no pay service tax amount from F. Y 2006-07 from month oct 2006 to till now . how to calculate Interset
CA R N Mohil
(Expert)
06 February 2009
CA R N Mohil
(Expert)
06 February 2009
It is @13%P.A. It is calculated as under
Service tax *13* No of days delayed (Date on which service tax is paid & Date on which service tax is required to be paid )/36500
Service tax *13* No of days delayed (Date on which service tax is paid & Date on which service tax is required to be paid )/36500
CA Nitin Wadhwani
(Expert)
07 February 2009
Also Penalty of 2000/- per return will have to be paid per return.
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