Dear Sirs,
if service tax paid after the due date of 5th of next month...interest will be charged @ 13% p.a on service tax amount for the delayed period.. my question is this provision will be applicable for payment of service tax thru cenvat credit account...i.e.. adjustment of service tax in cenvat a/c after due date... example service tax payble for the month of apr'09 - rs.1,00,000/- but we adjust only 90,000 in cenvat a/c for the month of april balance rs.10,000 adjusted in later date...i.e..30.06.09. what is the provision....whether we paid interest for the delay or not.?? kindly clarify the doubts...
CAclubindia
