Interest on late payment
This query is : Resolved
30 March 2013
Sir,If the basic amount of service tax paid in two installment then how the amount of interest will calculate.Suppose If the basic amount is Rs.100/ which due date is 31-03-2011 and we paid Rs.60/- after 100 days and the balance of Rs.40/- after 50 days then pls. advise that how the amount of interest would be calculated.
07 April 2013
From the due date till it is paid on the amount paid by you. On 60 from due date till the date of payment and on 40 in the same manner
11 April 2013
thanks sir
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