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Querist : Anonymous

Querist : Anonymous (Querist)

20 October 2013 Dear Sir,
I need to deposit service tax for the 1st and 2nd quarter of fy 2013-14. For the first quarter I have pay interest as I am depositing it now before 25 Oct.

I did not find any interest column in GAR 7 , then where I should show interest in gar 7 .

and what is the applicable interest rate.

Please clarify.

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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20 October 2013 In GAR -7 we cannot find the interest place separately. you have to find out the accounting code for interest for the particular service and mention that accounting code in GAR-7

for interest accounting codes please check the link

http://www.servicetax.gov.in/circular/st-circular12/st-circ-165-2012-annx.pdf