Payment of interest on excise duty
This query is : Resolved
13 October 2011
I COULD NOT PAY EXCISE DUTY ON TIME (ONLINE BY 6TH OCT) i WANT TO PAY THE SAME NOW (13.10.2011).
SHOULD INTEREST BE PAID?
AT WHAT RATE ?
AND HOW IT IS TO BE PAID (THE ONLINE CHALLAN DOES NOT HAVE THE COLUMN OF INTEREST )
SHOULD INTEREST BE PAID?
AT WHAT RATE ?
AND HOW IT IS TO BE PAID (THE ONLINE CHALLAN DOES NOT HAVE THE COLUMN OF INTEREST )
14 October 2011
excise duty should be paid in respective heads of BED/EC/S&HSEC as PLA and then debited as interest
14 October 2011
1. Yes you have to pay the interest @ 18% pa for the period from 07.10.11 till the date of actual payment.
15 October 2011
Thank you Gentlemen, for the advise.
15 October 2011
What will be source document no in this case.
Interest is being paid voluntarily. (for the month of Sept 2011)
Interest is being paid voluntarily. (for the month of Sept 2011)
15 October 2011
in case interest is paid suo- moto by the assessee, the period for which such amount is paid may be furnished.
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