Interest on service tax short payment

This query is : Resolved

manisha (Querist)
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18 August 2018 Dear Sir,

Our Service tax scrutiny was done F.Y. 2013-14, there is short payment for the month of March 2014 service tax amt Rs.1400/- now assistant commissioner asking to pay the same with interest

Can you please guide me how to calculate interest on the same or I can calculate 18% ( 54 Months delay payment) directly.

Please help me we have to submit paid to challan to assistant commissioner

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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18 August 2018 Interest has to be calculated for the day wise delay (not on month wise) at the
following rates.

*7-4-2014 to 30-09-2014 -18%
(if annual turnover < or = Rs. 60 lakhs @ 15%)

*1-10-2014 to 13-05-2016 -30%

* 14-05-2016 to till date - 24%

manisha

manisha (Querist)
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20 August 2018 Dear Sir

Thanks very much

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