Interest tax code

This query is : Resolved 

03 March 2010 Dear sir

please let me know the tax code for Late payment of service tax(interest)

thanx

srinivasan

03 March 2010 There is no separate Accounting Code for payment of interest. It depends on the service to which it relates.

For each service, 3 codes has been notified. 1. Tax Collection, 2. Interest, penalty and other, 3. Refunds.

Interest is to be paid using the code for interest, penalty and others.

03 March 2010 It is based on the service code will differ




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