How to calculate interest on late payment of service tax


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Querist : Anonymous

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Querist : Anonymous (Querist)
12 July 2013 Dear Sir's

Plz guide me how to calculate interest on service tax late payment

12 July 2013 It need to be calculate on day basis, 18% percentage per annum. in case your turnover is less than Rs.60 lakhs then 15% per annum

Interest = Service tax x 15 or 18% x number of days delay/ 365

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19 September 2013 thank you


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Querist : Anonymous

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19 September 2013 Sir i have to ask 1 more question regarding profession tax.

one my client have old profession tax no and he did not pay profession tax payment from last 2003-04 so how to calculate profession tax liability on that

Basic Amt is 25000/-

interest rate is 1.25 percentage p.m

reply me as soon as if possible.....

umesh parmar
CA. Artical student




20 September 2013 please tell me which state

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Querist : Anonymous

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23 September 2013 Maharashtra state

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Querist : Anonymous

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23 September 2013 he have PTEC number


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