Service Tax interest is to be calculated after deducting ITC or Gross Output Tax?
Mukesh Babu (IPCC Student) (236 Points)
10 December 2013Service Tax interest is to be calculated after deducting ITC or Gross Output Tax?
Shruthi
(Article Assistent)
(336 Points)
Replied 10 December 2013
Interest on Service tax is to be calculated on service tax payable
i.e. after deducting input tax credit.
CA Mukesh Choudhari
(xyz)
(153 Points)
Replied 10 December 2013
To be Calculated on net Service Tax liability
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