Interesr rate on late payment of service tax
This query is : Resolved
23 June 2008
Please tell me the rate of interest and the period for interest i case of delay in payment of service tax.I am working in a company ,we had not not deposited the service tax to govt account within 5 june ,for the month of May 08 .In this case how much interst i have to pay to service tax departmnet .
24 June 2008
You can deposit service tax now alongwith Interest @13% pa
Ajay Gumbar
(Expert)
24 June 2008
The rate of interest is 13% per annum starting from the due date of such payment and ending till the date of such payment.
So in this case you need to pay interest for the period starting from 6th june till the date of such payment.
Regards,
Ajay
So in this case you need to pay interest for the period starting from 6th june till the date of such payment.
Regards,
Ajay
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