Interest rates for delay in payments of Service Tax?
This query is : Resolved
03 February 2009
Hello! Please provide the following?
What is the interest rates for
delay in payment for service tax?
And how to calculate them? Please
explain in-detail?
What is the interest rates for
delay in payment for service tax?
And how to calculate them? Please
explain in-detail?
03 February 2009
It is 13% per annum. To be calculated for the number of days delay only.
03 February 2009
13% p.a.
04 February 2009
Thanks for reply.
It means
((S.Tax Amount * 13%)/365)*(No.of Delay Days)
It means
((S.Tax Amount * 13%)/365)*(No.of Delay Days)
04 February 2009
yes
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