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Service tax on works contract rcm
Payment of service tax was made to a contractor on 30 % of the invoice instead of 35 % in the month of October 2014 under RCM. The same amount was paid directly to service tax dept before 5th of Nov'14.
If the service tax portion on the remaining 5% is paid now, what would be the interest amount to?
Replies (1)
interest will be for the period from November 5th to date at the 18% per annum
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