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interest on delayed payment of service tax

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(Querist)
06 April 2010 sir,

interest on delayed payment of service tax is @13% p.a.
whether it has to be calculated on number of days or calculated for one month even for 4 or 5 days delayed.

thanks
Nagarajan
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
06 April 2010 on monthly basis
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Shyam Lal Naik

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Shyam Lal Naik (Expert)
06 April 2010 It shall be calculated based on the number of days delay.
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