Payment of interest on excise duty
This query is : Resolved
LALIT KUMAR
(Querist)
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 )
U S Sharma
(Expert)
14 October 2011
excise duty should be paid in respective heads of BED/EC/S&HSEC as PLA and then debited as interest
PUNEET GOYAL
(Expert)
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.
LALIT KUMAR
(Querist)
15 October 2011
Thank you Gentlemen, for the advise.
LALIT KUMAR
(Querist)
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)
PUNEET GOYAL
(Expert)
15 October 2011
in case interest is paid suo- moto by the assessee, the period for which such amount is paid may be furnished.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Reward for festival
- 18% Rent a cab
- Clarification on GST, TDS, and Accounting Provisions for Import/Export Commission Agents,profes. ser
- Clarification on GST, TDS, and Accounting Provisions for Import/Export
- Movement of goods by packers and movers - type of sale - Reg.
- Gratuity paid to legal heir above 20 lakh is taxable or not
- Closer of business and itc of capital goods
- TDS Return Statement Status
- Appointment of Auditor By Form ADT-1
- RCM and same line
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
- ITC not to be taken in accounts & GSTR-3B
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
