13 February 2009
the assessee comes under works contract fir charging service tax.The return for fin yr 2007-2008 has been filed in aug 25/8/2008. and even the liability of service tax which comes to Rs 380243/-is paid on on 25/8/2008.It is a Pvt Ltd Co.,need to calculate the Interest for thelate payment of the same.Want to know the basis and the amount of Int chargeable.
13 February 2009
The return is for 2007-08. The tax is liable to be paid on 5th of every month and for the month of march, on 31st march. Find payment liability for every month. Find delay for every month. Calculate simple interest for every month. Pay the interest.
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