Dear All,
Can anybody tell me what is the rate of interest on service tax for delay payment. Please send in excel format its useful for me.
Thanks & Regards
Urs
Sathis
2 Replies
Amir
(Learner)
(4016 Points)
Replied 27 January 2010
Dear Sathis,
Rate is 13% per annum..
Calculation is to be made on daywise & not on month wise (as in Income Tax)
i:e for delay of 10 days interest will be Amount x 13/100 x 10/365
C.Balaji
(Learner)
(1867 Points)
Replied 27 January 2010
Mr.Sathis
Rate of Interest for delay payment - service tax - 13% p.a.
Amir is right....
it is on daywise and not monthwise......
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