service tax
This query is : Resolved
13 February 2009
the assessee comes under works contract fir charging service tax.The return for fin yr 2007-2008 has been filed in aug 25/8/2008. and even the liability of service tax which comes to Rs 380243/-is paid on on 25/8/2008.It is a Pvt Ltd Co.,need to calculate the Interest for thelate payment of the same.Want to know the basis and the amount of Int chargeable.
Regards
Rashmi Poojary
Regards
Rashmi Poojary
13 February 2009
reply already given
13 February 2009
The return is for 2007-08. The tax is liable to be paid on 5th of every month and for the month of march, on 31st march. Find payment liability for every month. Find delay for every month. Calculate simple interest for every month. Pay the interest.
Message likes :
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13 February 2009
thanks a lot .... this really would help
RASHMI
RASHMI
13 February 2009
Interest is to be calculated on the number of days delay only and not month wise.
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