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Interest rete & heads of payment

Sathish.Bhogadi (Executive) (91 Points)

27 November 2012  

Dear All,

We have a small doubt what is interest rate of service tax late payment.

and we should pay Interest on Basic tax and interest on Primary cess and interest on SH & H Cess seperately or total interest amount same head or not.

Please clarify any one ASAP.

Thanks & Regards,

Sathish Babu.

 1 Replies

CA Sahil Singla.. (Service Tax ) (3745 Points)
Replied 28 November 2012

THere is seperate Head for Interest on Basic Tax, Ed. Cess, &  Ed. Cess. SO pay interest on these under seperate heads

1 Like

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