Period of interset
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
06 April 2012
I want to know,service tax Interset period for Mar'12
Exm:-St for paid Mar'12 on 05.04.12
how to calculate the st Int period ??
Exm:-St for paid Mar'12 on 05.04.12
how to calculate the st Int period ??
CA Nikhil Jhanwar
(Expert)
06 April 2012
Interst shall be paid at the rate of 18% p.a. for five days. Calculation to be made in days.
07 April 2012
Please charge 15% if value of taxable services provided in the last preceding financial year does not exceeding sixty lakh rupees.
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