banner_ad

Service tax

Queries 3020 views 20 replies

Service Tax Payable on 31.03.2014 but paid on 01.04.2014 what will be the intrest amount & how to be calculate.............. please give me ans very urgent

 

priyanka

cma student

 

Replies (20)
Service tax interest payable on delay of days. from the payment of due date to actual payment. Due date for Mar'14 was 31.3.14 and actual payment is 1.4.14 than interest will be payable for 1 day @ 18% per annuam. however, interest rate will be 15% if service tax liability not exceeds 60 lacs in a year.

Can I Liable To Pay  service tax liability = 553359  i.e 553359 x 18/100 x 1 / 365 = 273 

that is right na........please help me.........

 

Priyanka 

cma student

 

Yes, But difference of days is 2 days. 31 & 1st.

 

Service Tax Payable on 31.03.2014 but paid on 01.04.2014 what will be the intrest amount & how to be calculate.............. please give me ans very urgent  

 service tax liability = 553359

please help me now

Service tax delay interest payable for one day only ie 553359 x 18/100 x 1 / 365 = 273 

Provided u pay tax online by 8 Pm.............

 

This is right na.......... becoz this service tax related to rnting of immovable property........

my query is pay monthly intrest or not........

 

ples tell me

Refer rule 6(1) of Service Tax Rules, 1994 in following link

https://www.servicetax.gov.in/st-proc-home.htm

I Know 18 % intrest per annum ........ but i calculate service tax on day wise or month wise ? ples help me i need to pay today..... give me perfect figure......... of intrest ........... some person ask me 553359 x 18/100 x 1/12 = 8300

& i calcualte = 553359 x 18/100 x 1/365 = 273 

what is right............ ples hurry up

I think on Day basis here link too /experts/interest-on-late-payment-998105.asp#.UzqnfLnzuIU
Day wise is correct
Day wise is correct
Service tax interest to be calculate on day wise.
For whole indirect taxation interest is on day basis.. Don't worry.
day wise is the rule .... sure


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 31 May 2026
Article Assistant

KPRS And Associates

New Delhi

CA Inter

View Details
Company
26 May 2026
CA / MBA (Finance) / CMA / M.Com (Finance)

Sri Aurobindo Gnostic Centre of Education

New Delhi

CA

View Details
Company
07 June 2026
Tax Associate

Rajkumar Jain & Co.

Ahmedabad

Graduate (Any)

View Details
Company
21 May 2026
Associate

PWC

Kolkata

CA

View Details
Company
26 May 2026
Senior Accountant cum purchase Manager

Vardhaman Group of India

Pimpri Chinchwad

CA Inter

View Details
Company
19 May 2026
Article, CA & Paid Assistant Positions

Aggarwal Sarawagi and Co

New Delhi

CA

View Details
Company
Featured 28 May 2026
SEMI QUALIFIED/ CA DROPOUTS/ ARTICLES

T R SOOD & CO

New Delhi

CA Inter

View Details
Company
14 May 2026
ICSI Trainees for 21 Months and Semi-Qualified CS

CMNITY HIRE

New Delhi

Others

View Details