Interest calculation on late payment of service tax
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
30 December 2011
Is interest on late payment of service tax to be calculated after setting off cenvat credit or on the service tax amount before set off of cenvat credit.Eg: If the service tax amount due is Rs 1000 and cenvat credit of 300 is available is interest for late payment to be calculated on Rs 700 or on Rs 1000 itself?
30 December 2011
late payment to be calculated on Rs. 700
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