Service tax interest
This query is : Resolved
24 March 2014
Dear Experts,
My Service Tax Liability on 31-12-2013 is Rs. 31596, but we have not paid. I want to now interest rate on this amount. My service is Rent on Immovable Property. Thanks In advance.
My Service Tax Liability on 31-12-2013 is Rs. 31596, but we have not paid. I want to now interest rate on this amount. My service is Rent on Immovable Property. Thanks In advance.
24 March 2014
If turnover is Rs 60 lacs or more interest rate is 18% p.a
if turnover less tha Rs 60 lacs interest rate is 15% p.a.
interest to be calculated on days basis.
if turnover less tha Rs 60 lacs interest rate is 15% p.a.
interest to be calculated on days basis.
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