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Calculation of interest

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07 October 2011 How is the Calculation of Interest on Late Payment of Service Tax done?
is it on daily basis?
whether part of a month is considered as full month?
the rate of interest for ay 11 - 12 is 13% or 18%?

07 October 2011 It is on daily basis...
& rate of interest for ay 11 - 12 is 13%



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