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Interest amount for late payment

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Querist : Anonymous

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Querist : Anonymous (Querist)
13 October 2014 Dear Sir,

Bill for Civil Construction work received on 23.04.2014, 50% Service tax charged by service provider (Total Amount Rs. 487817 and Service tax @ 4.944% x 50% = 12059)Rs. 12059

Now we have to pay 50% Tax under RCM Plese let me the Interest amount on this
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@VaibhavJ

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@VaibhavJ (Expert)
13 October 2014 calculate int. @ 18% on your share of payment.

Thanks

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