Inerest on late deposit
This query is : Resolved
13 September 2013
My service tax liability are as under:
April-June:- 36967
July-Sept :- 44974
Oct-Dec :- 28862
Jan-March :- 54983
Payments made for service tax are as under:
DATE AMOUNT
29/05/2012 :- 25000
16/02/2013 :- 40000
30/03/2013 :- 50000.
Rate applicable is 15%.Pls help in the calculation...
April-June:- 36967
July-Sept :- 44974
Oct-Dec :- 28862
Jan-March :- 54983
Payments made for service tax are as under:
DATE AMOUNT
29/05/2012 :- 25000
16/02/2013 :- 40000
30/03/2013 :- 50000.
Rate applicable is 15%.Pls help in the calculation...
14 September 2013
From Due date calculate number of days till payment. on the basis on no of days calculate interest @15% as applicable.
If part payment is made in between then you need to reduce that amount from that day onwards.
PS: Days starts from Next day after due date and includes date of paymnent.
If part payment is made in between then you need to reduce that amount from that day onwards.
PS: Days starts from Next day after due date and includes date of paymnent.
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