Service Tax payable for the month of April 2011 Rs 17.00 lakhs. Due date of payment is 06/05/2011. Serivce Tax is paid Rs 20.00 (Excess) in 24/05/2011. The excess paid Rs 3.00 is adjusted in the next month. But the assesse forget to pay interest for the period 06/05/2011 to 24/05/2011.
Now the Service Tax person is asking to pay interest for the period 06/05/2011 to Till date. But the assessee say he can pay interest only for the delayed period ie 06/05/2011 to 24/05/2011.
Like the above, three payments are there. If interest is calculated as per the Service tax person advice, interest is coming more than 10.00 lakhs.
Please advice
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