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Int rate on late deposite service tax

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(Querist)
23 July 2012 I want to know that what is the rate of interest/ find on late deposit of monthly service tax. How it will be calculated (Montly/ Daily/ Yearly Basis).
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Amol S Joglekar

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Amol S Joglekar (Expert)
23 July 2012 1.25 % per month. It will be calculated monthly. (A part of the month shall be regarded as whole month.
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