Interest on Service Tax

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..... Sir, The rate of Interest @ 15% per year in case of delayed payment of Service Tax. Whether it mean that interest to be apid @ 1.25% per Month or irrespective of period of delay Interest @ 15% is to .....

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..... be paid. For example, Liability for the Month of March is to be paid by 31st march itself. if we pay it on either 5th or 6th of April what shall be the rate of Interest to be paid? - Reply By Himans .....

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..... u Sha - The Reply = The interest rate is calculated on yearly basis and accordingly one year is taken as 365/366 days. You can calculate the no. Of days delayed which will include the day of payment .....

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..... but excluding the due date of payment. It is easy to calculate now. If its paid on 6th, there is 6 days delay. Total amount multiplied by 0.15 and 6 , then divided by 365 will give your desired amount .....

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..... . If it crosses 6 months or one year, the rate will be different - Reply By MARIAPPAN GOVINDARAJAN - The Reply = I endorse the views of Shri Himansu - Reply By KASTURI SETHI - The Reply = The ben .....

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..... efit of 3 % is available under Section 75 of the Finance Act . Nicely explained by Sh. Himanshu Sha, an expert. - Reply By Himansu Sha - The Reply = Thanks very much - Interest on Service Tax - .....

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..... Query Started By: - Aitha RajyaLakshmi Dated:- 1-4-2017 Service Tax - Got 4 Replies - Service Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management I .....

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..... ndia - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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