Interest rate for late payment of service tax
This query is : Resolved
Naveen Semwal
(Querist)
06 September 2012
Dear Sir,
Please help me for what is the rate of interest for late payment of service tax and how to calculate we want to payment of service tax deposite with interest for last two months
Please help me for what is the rate of interest for late payment of service tax and how to calculate we want to payment of service tax deposite with interest for last two months
CA Navin Jain
(Expert)
06 September 2012
18% per annuam and interest will be caculated on day bisis.
suppose your st depost date was 06.08.2012 and you have deposited is on 10.08.2012 then you will liable to pay interest for 4 days.
suppose your st depost date was 06.08.2012 and you have deposited is on 10.08.2012 then you will liable to pay interest for 4 days.
Naveen Semwal
(Querist)
06 September 2012
Thanks sir but please tell me how to calculate it
U S Sharma
(Expert)
06 September 2012
no of days default /365 x18/100x 1mount of default = amount of interest
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
- Depreciation Chart Companies Act
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Capital Gail Exemption Certificate
- Utilisation Fy 25-26 TDS challans in Fy 26-27 TDS Return
- Transfer of Physical Stock Between Two Proprietorship Concerns
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Oct 2025 Invoices
- MSME disclosure and disallowance
- SECTION 393(3) TAX ON CASH WITHDRAWAL
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
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
