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Interest payment

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Querist : Anonymous

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Querist : Anonymous (Querist)
14 November 2012 If service tax is paid after the due date should the interest be calculated for the delay after the due date i.e 5/6th or from the 1st day of that particular month. Pl confirm..?
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
15 November 2012 Interest will be calculated from the due date only. not 1st day of the month. service tax interest is based on number of days delays only
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