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interest rate basis for late payment

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Querist : Anonymous

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Querist : Anonymous (Querist)
08 June 2011 interest on late payment of service tax is calculated on daywise or monthly basis.
if monthly basis then part of month also consider full month ???
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CA SAURABH GARG

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CA SAURABH GARG (Expert)
08 June 2011 on day basis only

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