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.
Fytomax Nutrition Private Limited
Aurangabad
CA Inter
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N N V Satish & Co.,
Hyderabad
CA Inter
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M N Rao & Associates LLP
Vijayawada
CA Inter
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CCI
Pro
CAclubindia
