A company has utilized its CENVAT credit of July 2007 for the payment of Service Tax Liability of May 2007, instead of depositing the same to the Central Government Account.
Now, I wish to know about the number of days for which the interest on late payment of service tax shall be levied.
While making feeding in Compu Serve, it is calculating the interest upto 30.01.2014 (i.e. today) but in my opinion it shall be charged upto the month of July only, as the company is utilizing the CENVAT credit of the month of July.
Please guide me regarding the same.
CAclubindia
