Can service tax interest(on late deposit) be adjusted with input credit available.
or with challan if interest is not deposited under particular head.(challan amount is deposited more than required.)
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Service tax
Replies (1)
Sir,
In this regard you have to deposit interest for delay deposit service tax dues and you cannot adjusted the input credit and interest to be deposited in the cash or bank only on their separate accounting code also and also you cannot mentioned other accounting code for interest. Yes you can utilized the interest on interest having opening balance.
You are having other observation plz forward the same.
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