Period of interset

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Querist : Anonymous

Querist : Anonymous (Querist)

06 April 2012 I want to know,service tax Interset period for Mar'12
Exm:-St for paid Mar'12 on 05.04.12
how to calculate the st Int period ??

CA Nikhil Jhanwar (Expert)
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06 April 2012 Interst shall be paid at the rate of 18% p.a. for five days. Calculation to be made in days.

Bhaskaran Chackrapani Warrier (Expert)
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07 April 2012 Please charge 15% if value of taxable services provided in the last preceding financial year does not exceeding sixty lakh rupees.

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