Inerest on late deposit

This query is : Resolved

Vicky Shah (Querist)
Follow

13 September 2013 My service tax liability are as under:

April-June:- 36967
July-Sept :- 44974
Oct-Dec :- 28862
Jan-March :- 54983

Payments made for service tax are as under:

DATE AMOUNT
29/05/2012 :- 25000
16/02/2013 :- 40000
30/03/2013 :- 50000.

Rate applicable is 15%.Pls help in the calculation...

CA Kintal Shah

CA Kintal Shah (Expert)
Follow

14 September 2013 From Due date calculate number of days till payment. on the basis on no of days calculate interest @15% as applicable.

If part payment is made in between then you need to reduce that amount from that day onwards.

PS: Days starts from Next day after due date and includes date of paymnent.

Message likes : 1 times