interst on service tax
This query is : Resolved
22 April 2011
we have not paid service tax from sept 2010. how much interst i should pay .in advt Agency .
CMA Ramesh Krishnan
(Expert)
22 April 2011
up to Mar-31, 2011 interest rate is 13% and 1/4/2011 on wards 18%
Interest can be calculated on day basis
Interest can be calculated on day basis
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CA Deep Upadhyay
(Expert)
26 April 2011
For the period upto 31/03/2011, the interest @ 13% & from 01/04/2011, interest @ 18% p.a. In service tax, interest is levied on day to day basis.
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