Method for calculating interest on late payment of service t
This query is : Resolved
02 October 2012
Dear Sir,
What Method for calculating interest on late payment of Service Tax 1) by Monthly or 2) by No. of Days
What is rate of interest for late payment of service tax
it is 18% P.A.
What Method for calculating interest on late payment of Service Tax 1) by Monthly or 2) by No. of Days
What is rate of interest for late payment of service tax
it is 18% P.A.
02 October 2012
Interest on delay payment of service tax need to calculate day basis. interest rate will be 18% per annum
02 October 2012
nayan, interest is calculated on daily basis.., that is the days you postpone the payment from due date..
and yes, interest rate is 18% p.a. and 15% if turnover does not exceed 60lakhs during previous FY
and yes, interest rate is 18% p.a. and 15% if turnover does not exceed 60lakhs during previous FY
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