Easy Office

Payment of interest on excise duty

This query is : Resolved 
Profile Image

Profile Image

(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 )
Profile Image

U S Sharma

Profile Image

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
Profile Image

PUNEET GOYAL

Profile Image

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.



Profile Image

LALIT KUMAR

Profile Image

LALIT KUMAR (Querist)
15 October 2011 Thank you Gentlemen, for the advise.
Profile Image

LALIT KUMAR

Profile Image

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)
Profile Image

PUNEET GOYAL

Profile Image

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

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


Easy Office

Trending Online Classes

view all classess
CCI Pro


Answer Query



Quick Links