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 .

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

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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