Service tax interest calculation
This query is : Open
01 September 2012
One of my client has not fully paid service tax & interest also. So i want know whether part of payment is made is to be adjusted with principal amount or interest amount first. If possible please give section/ case law reference.
02 September 2012
There is no specific law and pronouncement.
you adjust this in principal, calculate interest and pay the same alongwith balance principal amount and inform to the department
you adjust this in principal, calculate interest and pay the same alongwith balance principal amount and inform to the department
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