Service tax nil interest for delay/min interest payable

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Do we need to pay interest on swachh bhart cess for 6 days delay.

Swachh Bharath Cess : Rs.107

Due date : 06/01/2016

Delay : 6 days

Interest @ 15% ,being a P. Ltd company with foriegn Turn Over  2crore but domestic T.O is only Rs.12 lacs. So using 3% concession SBC interest is only 22 paise. But using a excel for service tax interest calcultor- interest payable on above is Nil.

Is there any minimum interest payable

Please comment.

 

Replies (1)

There is no minimum amount prescribed for payment of Interest. These are negligible. No financial impact.

Easy way is when you are paying interest next time, you could pay an extra Rupee.


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