INTEREST CALCULATION FOR THE LATE PAYMENT OF EXCISE AND SERVICE TAX

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..... INTEREST CALCULATION FOR THE LATE PAYMENT OF EXCISE AND SERVICE TAX
Query (Issue) Started By: - Mehul Pandya Dated:- 17-6-2014 Last Reply Date:- 19-6-2014 Central Excise
Got 2 Replies
Centra .....

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..... l Excise
SIR, THERE ARE 2 DATES FOR EXCISE AND SERVICE TAX PAYMENT. 5TH FOR MANNUAL CHALLAN AND 6TH FOR ONLINE PAYMENT. MY QUERY IS IN CASE WE ARE PAYING EXCISE OR SERVICE TAX ON 10TH OF THAT MONT .....

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..... H THEN WE HAVE TO CALCULATE INTEREST FOR 5 DAYS OR 4 DAYS ? IS THERE ANY NOTI./CIRCULAR IN SUPPORTING TO THIS ?? THANKING YOU Reply By Pradeep Khatri: The Reply: Dear Mehul, Since, it has been mad .....

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..... e mandatory to pay Duty and Taxes online and threshold limit has been reduced to Rs. 1.00 Lac, therefore, if Central Excise duty/ service tax is deposited late, then, interest would be calculated afte .....

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..... r the 6th day of the subsequent month. You would have to pay the interest for four days only but in cash/GAR-7. Regards Team YAGAY & SUN (Management & Indirect Tax Consultants) Reply By Arun Kuma .....

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..... r Singh: The Reply: If you have pay the duty from manually after due date then interest will be applicable 5 days otherwise 4 days.
Discussion Forum - Knowledge Sharing .....

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