Interest on service tax

Queries 419 views 2 replies

If a company pays service tax dues after its due date and does not pay the interest amount with it and finds its mistake later on and whats to pay the interest amount. Till what date the amount of interest is to be calculated?

1. The date on which ST was paid

or

2. The day on which interest payment is being paid?

Replies (2)

Sir,

The interest rate is calculated @ 18% p.a. and interest is applicable after the due date of tax. If having other observation plz forward the same.

Till st payment date interest on ST after that interest on interest till date of payment of interest


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