service tax payment on or before 5th every month and only march for 31st.
my query any delay payment service tax paid to bank . What is the interest rate of against tax and taken interest month or days . If days number of days or month number of months
What is the service tax code of education cess , secondary and higher education cess and interest
14 April 2012
Interest @18% on delay in payment of service tax. ' ' calculation in days i.e actual no.of days( from the due date of payment of service tax up to the date of actual payment) ' ' However assesses having turnover upto 60 lakhs are liable to pay interest @15%. ' ' Accounting codes For Education cess-00440298 For SHEC-00440426 For interst- it depends on nature of service.
14 April 2012
Agree with expert except that interest will be 15% if ur turnover does not exceed Rs. 60 lacs in previous financial year and not in the current financial year.
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