interest rate for service tax late payment
This query is : Resolved
Devaraja H.P
(Querist)
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.
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
- Gst registered proprietorship firm
- TDS Challan - change of FY 2025-26 to TY 2026-27
- AUDITOR APPOINTMENT FOR THE YEAR ENDING MARCH 27
- GST Intimation due to Government took possession of Business Premises under PPE Act
- TDS on Fixed Assets purchased
- SALARY CAN BE CAPITALIZE
- Non filing of I T Returns
- TDS on purchase of under construction property from a reseller
- GST on Renting godown to KFCSC for Storage of Raagi
- How to Handle Active E-Invoices in GST Portal Deleted from Tally?
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Starting trading business
- 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
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
