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Interest

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10 May 2013 If under reverese mechanism our service tax liability due 0n 5th of the following month then interest will be calculated from 5th of the following month or from date of payment for service/raising of services............
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CA Vikas Acharya

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CA Vikas Acharya (Expert)
10 May 2013 interest is to be paid for only delayed part.
and in above case delay is from 5th. - section 75
hence from 5th.1

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