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calculation Of Interest on service tax

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(Querist)
06 February 2009 my Company is advertsing Company , no pay service tax amount from F. Y 2006-07 from month oct 2006 to till now . how to calculate Interset
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CA R N Mohil

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CA R N Mohil (Expert)
06 February 2009
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CA R N Mohil

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CA R N Mohil (Expert)
06 February 2009 It is @13%P.A. It is calculated as under
Service tax *13* No of days delayed (Date on which service tax is paid & Date on which service tax is required to be paid )/36500
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CA Nitin Wadhwani

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CA Nitin Wadhwani (Expert)
07 February 2009 Also Penalty of 2000/- per return will have to be paid per return.

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