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Interest on late Payment of Service Tax

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(Querist)
07 March 2011 Hi All,

Greetings of the day,

Can anyone explain that if an assessee is paying Service Tax electronically and 6th was sunday so he is willing to pay on 7th then whether Intrest will also be payable or not?

Regards
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venkat reddy gopidi

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venkat reddy gopidi (Expert)
07 March 2011 Interest @18%pa calculated on No of days delay in remitting the tax amount.

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