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?
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.
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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