Late payment of service
This query is : Resolved
05 September 2011
Please Clarify.
suppose service tax liability for the month of april and may are as under
april 2011 25000 (including ed and shed)
may 2011 25000
now suppose on 05/07/2011 assessee paid only the service tax amount of Rs.50000/- and did not paid the interest.
now on 05/08/2011 assess want to pay the interest whether he has to pay interest on interest and for which period interest is to be paid.
i will be thankful if any one can provide the computation thereoff
suppose service tax liability for the month of april and may are as under
april 2011 25000 (including ed and shed)
may 2011 25000
now suppose on 05/07/2011 assessee paid only the service tax amount of Rs.50000/- and did not paid the interest.
now on 05/08/2011 assess want to pay the interest whether he has to pay interest on interest and for which period interest is to be paid.
i will be thankful if any one can provide the computation thereoff
06 September 2011
The tax amount is required to deposit including 13% interest PA on the tax amount till the date of payment.
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