interest rate for service tax late payment
This query is : Resolved
27 March 2009
sir,
i a tax consultant , one my clint having outstanding service tax . he got struk for due to the TDS deduction , he is aranging for some money after one month , wether he will atract only for interest or interest and penality both . please clarify me. If only for interest what is the Rate of interest i belive that is 13% p.a
i a tax consultant , one my clint having outstanding service tax . he got struk for due to the TDS deduction , he is aranging for some money after one month , wether he will atract only for interest or interest and penality both . please clarify me. If only for interest what is the Rate of interest i belive that is 13% p.a
27 March 2009
Interest is 13% per annum to be calculated only for the number of days delay.
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