how to calculate interest on late payment of service tax for the qtr ending on 31st december for which due date of online payment is 6th of jan 2015 and actual payemnt is made on 8th jan 2015 ie delay of 2 days.
ritz (article) (48 Points)
07 January 2015how to calculate interest on late payment of service tax for the qtr ending on 31st december for which due date of online payment is 6th of jan 2015 and actual payemnt is made on 8th jan 2015 ie delay of 2 days.
SANESH A K
(Articled Assistant)
(126 Points)
Replied 07 January 2015
Hi,
Interest = Service Tax Payable X 18% X (No. of Days Delay / 365)
Regards
Sanesh A K
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