Easy Office
LCI Learning

Interest rates for delay in payments of Service Tax?

This query is : Resolved 
Profile Image

Profile Image

(Querist)
03 February 2009 Hello! Please provide the following?

What is the interest rates for
delay in payment for service tax?
And how to calculate them? Please
explain in-detail?
Profile Image

Bhaskaran Chackrapani Warrier

Profile Image

Bhaskaran Chackrapani Warrier (Expert)
03 February 2009 It is 13% per annum. To be calculated for the number of days delay only.
Profile Image

CA Chaitanya

Profile Image

CA Chaitanya (Expert)
03 February 2009 13% p.a.
Upgrade to CAclubindia Pro. Subscribe Now!

Profile Image

Ganesh B

Profile Image

Ganesh B (Querist)
04 February 2009 Thanks for reply.

It means

((S.Tax Amount * 13%)/365)*(No.of Delay Days)
Profile Image

Ganesh B

Profile Image

Ganesh B (Querist)
04 February 2009 Is it ok
Profile Image

CA R N Mohil

Profile Image

CA R N Mohil (Expert)
04 February 2009 yes

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


CCI Pro
Live Budget News and Updates

Trending Online Classes

view all classess
Let's Talk Money: You've Worked Hard for It, Now Make It Work for You
Click here for more bestsellers


Answer Query



Quick Links