30 October 2012
What is the rate of interest on late deposit of Service tax for a company.(company is required to pay service tax under reverse charge and is currently not providing any taxable service.
Also inform the penalty provisions if there is a default of 10 days in payment. Does it works out to be 2%for 10 days and 200 per day whichever is less as per section 76.
CAclubindia
