Interest calcu.
This query is : Resolved
17 October 2011
Dear Expert.
We need to pay the liability from last 2 years of services tax, now I am going to make calculation of interest
Before April 2011, the Interest Rate was 13% and now the rate is 18%, so the Interest calculation will be calculated on 18%
OR
Need to calculate the Interest with 13% till March 2011, and after that 18%.
Please suggest
Dear Expert.
We need to pay the liability from last 2 years of services tax, now I am going to make calculation of interest
Before April 2011, the Interest Rate was 13% and now the rate is 18%, so the Interest calculation will be calculated on 18%
OR
Need to calculate the Interest with 13% till March 2011, and after that 18%.
Please suggest
17 October 2011
Choose the 2nd option cited by you.
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