Jyothis (Article) (1127 Points)
11 January 2016Do we need to pay interest on swachh bhart cess for 6 days delay.
Swachh Bharath Cess : Rs.107
Due date : 06/01/2016
Delay : 6 days
Interest @ 15% ,being a P. Ltd company with foriegn Turn Over 2crore but domestic T.O is only Rs.12 lacs. So using 3% concession SBC interest is only 22 paise. But using a excel for service tax interest calcultor- interest payable on above is Nil.
Is there any minimum interest payable
Please comment.
Nagendra Hegde
(Chartered Accountant)
(1948 Points)
Replied 11 January 2016
There is no minimum amount prescribed for payment of Interest. These are negligible. No financial impact.
Easy way is when you are paying interest next time, you could pay an extra Rupee.
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