int . on late pmt
This query is : Resolved
rajeev khulbe
(Querist)
06 April 2010
SIR PLEASE TELL ME THE INTEREST OF LATE PMT. OF SERVICE TAX.AS PAR MY KNOWLEDGE THE INT. NOT MORE THAN 2000. SIR IS IT CORRECT.IF WRONG THAN SIR PLEASE CLEAR MY DOUBT.THANKS IN ADVANCE.
06 April 2010
13% P.A.
CA Ashok Kumar Sahu
(Expert)
06 April 2010
INTEREST RATE IS 13% PA,
NO PROVISION THAT THE INT. NOT MORE THAN 2000.
NO PROVISION THAT THE INT. NOT MORE THAN 2000.
06 April 2010
13% and should not exceed 2000.
CA Ravi Sisodia
(Expert)
06 April 2010
Agree, 13%p.a.
Mukesh Chhangani
(Expert)
08 April 2010
Interest rate u/s 75 of Finance ACt, 1994 is 13% p.a. there is no provision for maximum interest to be charged as Rs.2000. Such Maximum provisions are there for Penalties and that too Rs. 5000.
CMA Ramesh Krishnan
(Expert)
08 April 2010
agree 13%
CA Ravi Sisodia
(Expert)
08 April 2010
13% p.a.
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
- Depreciation Chart Companies Act
- EPF ECR NEW FILE SEP 17TH 2026
- Capital Gail Exemption Certificate
- Oct 2025 Invoices
- Import of Software Service.
- SECTION 393(3) TAX ON CASH WITHDRAWAL
- Clarification Requested: Gift → NRO → NRE → Overseas Transfer - USA/CANDA (FEMA & Tax Compliance)
- Under marginal scheme
- Capitalgain tax purposes for valuation report compulsory
- GST on Renting godown to KFCSC for Storage of Raagi
- GST Audit whether Govt Companies are exempt?
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- 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
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
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
