Interest tax on delay of ST

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accounts executive
311 Points Posted on 27 January 2010

Dear All,

Can anybody tell me what is the rate of interest on service tax for delay payment. Please send in excel format its useful for me.

Thanks & Regards

 

Urs

Sathis

 

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On 27 January 2010 at 13:20 Report
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Learner
4016 Points Posted on 27 January 2010

Dear Sathis,

Rate is 13% per annum..

Calculation is to be made on daywise & not on month wise (as in Income Tax)

i:e for delay of 10 days interest will be Amount x 13/100 x 10/365

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On 27 January 2010 at 13:39
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Learner
1867 Points Posted on 27 January 2010

Mr.Sathis

Rate of Interest for delay payment - service tax - 13% p.a.

Amir is right....

it is on daywise and not monthwise......

 

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On 27 January 2010 at 15:54

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