06 September 2013
If I pay Rs.84,797/- service tax of 1st quarter on 07.09.2013, then how much interest/penalty have to pay on such amount @ 18% interest rate and how(Proprietorship Firm)??????
There is a delay of 69 days (31 + 31 + 7) and thus interest will be payable at 18%p.a for 69 days. Which comes to Rs. 2885. This amount can be paid by a normal challan. Select interest in the options in the challan
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