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Interest

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Querist : Anonymous

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Querist : Anonymous (Querist)
12 August 2011 What is the rate of interest if the service tax is paid after the due date and how to calculate the same. I mean that it should be calculated from whihc date and till whihc date.
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
12 August 2011 @ 18 % per annum from the due date of payment to the actual date of payment to be calculated only for the number of days delay.
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Querist : Anonymous

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Querist : Anonymous (Querist)
13 August 2011 It comes under which section??
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
14 August 2011 Section 75 read with notification 14/2011 dated March 1,2011.
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