Interest on interest of late payment of service tax
This query is : Resolved
10 March 2015
I have paid Service Tax but forget to pay interest on their.up to which date we have to pay Interest? Is there any further provision for Interest on Interest of Late Payment of Service Tax ?
12 March 2015
Hi Bhavesh,
You just need to calculate the interest from the due date to date of payment e.g. if the due date was 06/01/2015 and you have made the payment on 06/02/2015. Calculate the interest for 1 month and pay the the interest amount today. There is no provision for levying interest on interest.
Regards
Rajesh Sharma
nspandcompany@gmail.com
+91 99 205 345 95
You just need to calculate the interest from the due date to date of payment e.g. if the due date was 06/01/2015 and you have made the payment on 06/02/2015. Calculate the interest for 1 month and pay the the interest amount today. There is no provision for levying interest on interest.
Regards
Rajesh Sharma
nspandcompany@gmail.com
+91 99 205 345 95
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