Service tax delay payment
Querist : Anonymous
In case Service Tax delay payment,
What is the Calculation of Interest & Penalty
Plz Clarify with Example ?
Refer Notification:12/2011
gross turnover less than Rs.60 lakhs - 15% per annum
gross turnover more than Rs.60 lakhs - 18% per annum
Interest can be calculated day basis
Querist : Anonymous
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