Interest on late payment of service tax for fy 2014-15
This query is : Resolved
04 November 2014
Dear experts,
i want to know the calculation of Interest on late payment of service tax for Fy 2014-15
i have Taxable T/O from May- Sep 2014 on which ST 30000/- not paid till date.
we want pay on 06/11/2014
I know that Interest Rates W.E.F 1/10/2014
are
up to Six months 18%
From 6 months upto 1 year 24%
my query is
i have to calculate interest month wise
like apl, may, jun etc OR
i have to calculate half yearly i,e 6 months at time
ST month wise
apl=0
may to sep=6000 P.M
please give me calculation steps its very urgent
Thanks in advnce
i want to know the calculation of Interest on late payment of service tax for Fy 2014-15
i have Taxable T/O from May- Sep 2014 on which ST 30000/- not paid till date.
we want pay on 06/11/2014
I know that Interest Rates W.E.F 1/10/2014
are
up to Six months 18%
From 6 months upto 1 year 24%
my query is
i have to calculate interest month wise
like apl, may, jun etc OR
i have to calculate half yearly i,e 6 months at time
ST month wise
apl=0
may to sep=6000 P.M
please give me calculation steps its very urgent
Thanks in advnce
19 January 2015
interest is calculated by no of days of delay , service tax payable * 18% * no of days of delay /365 , for 1st six months of delay , for further six months delay , service tax payable *24% * no of days of delay /365 and so on
Message likes :
2 times
19 January 2015
https://www.caclubindia.com/articles/interest-under-service-tax-21463.asp#.VLyREdKUdid
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- CLOSING STOCK QUERY
- ITR-Capital Gain
- Gst on travel by air for business purposes
- GST ISD Query on various AMCs
- Short Term Gain Reporting ITR
- DUE DATE FOR ITR FILING
- TDS on rent received on hardship compensation being rent on redevelopment of building
- Error in uploading Form 10BD
- Query regarding TDS on EPFO Higher Pension Arrears- under wrong section
- Taxation on Old jewellery sold
- 44AD, 44ADA business details
- PF wage ceiling
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
- Query regarding reporting of exempt foreign remuneration in ITR (AY 2026-27)
- FEMA/RBI treatment — Amazon.ca arbitrage (US buy, Canada sell, goods never enter India)
- Goods return by customer
- INWARD REMITTANCE FOREIGN
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
