Interest on late payment under reverse charge

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

06 July 2015 Dear Sir,

According to new amendment for delayed payment of service tax w.e.f 01.10.2014 interest rates are modified i.e:
Upto six months = 18%
Beyond six mths to one yr = 24%
More than one yr = 30%

Now I want to know if due date of payment of service tax is 05.01.2015 but actually we are paying in July'15 then no. of days for calculating interest will be from
1. 05.01.2015 to 05.06.2015= 18%
2. 06.06.2015 to 06.07.2015= 24%

OR

1. From 05.01.2015 to 31.03.2015 = 18%
2. From 01.04.2015 to 06.07.2015 = 24%

Please reply soon.

Querist : Anonymous

Querist : Anonymous (Querist)

07 July 2015 Please reply its very urgent.

Aashok Kumar Sharma online

Aashok Kumar Sharma online

(Expert)
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01 August 2024 https://docs.google.com/document/d/1vbY1NpiH-N2Jjyvs9BnAPsyVjPdUzq2VJbWwfLmMAtU/edit?usp=sharing

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