Service tax

This query is : Resolved

SAMIR DESAI (Querist)
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01 March 2012 Dear Sir,

i want to service tax payment due date & how calculat interest on late payment of service tax please provide me calculator of service tax calculation

PAWAN KUMAR

PAWAN KUMAR (Expert)
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01 March 2012 If you pay service tax through internet banking, the due date is 6th of every month. In case service tax is deposited through cheque to bank, due date is 5th of every month.

For interest, if you pay service tax on 07th through internet banking, you have to pay interest for one day i.e. from 06th. In another case of manual payment, interest shall be charged for two days from 5th.

Interest for one day = total service tax x 18% / 365

This is the calculaton method which can be used for work out interest.

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