Interest calculate on late payament
This query is : Resolved
10 May 2012
dear sir
i am no deposit service tax for month of may 2011 amt=34505.so pls tell me about the total amt the s.tax+interest on till date
i am no deposit service tax for month of may 2011 amt=34505.so pls tell me about the total amt the s.tax+interest on till date
CA Navin Jain
(Expert)
10 May 2012
CALCULATE THE INTEREST FROM 07.05.2012 PER DAY TILL THE DATE OF DEPOSIT @ 18% PER ANNUAL.
CA CS Amit S. Kedia
(Expert)
10 May 2012
Dear Vipin,
Interest will be calculated @18%PA for the period for which payment is delayed.
In your case, It will be charged from 07/06/2011 till the date of actual payment.
Provided further that if the total amount of service provided in previous year does not exceed Rs. 60 lakh then interest rate will be @15%pa.
Interest will be calculated @18%PA for the period for which payment is delayed.
In your case, It will be charged from 07/06/2011 till the date of actual payment.
Provided further that if the total amount of service provided in previous year does not exceed Rs. 60 lakh then interest rate will be @15%pa.
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