How is Interest computed for Late Payment of Service Tax

Share This Thread
  1. himaniagrawal_star

    himaniagrawal_star New Member

    for a proprietorship firm how interest for delay in payment of service tax is computed for the 3rd qtr 2014 against november month collection. whether 2.5% interest is levied(1.25% p.m. @ 15% p.m. for 2 months) or per day interest is charged upto 17th january 2015 i.e. 17 days intt?
Draft saved Draft deleted
Similar Threads Forum Date
Interest on FD in GST GST Dec 15, 2017
interest on delayed payment of service tax GST Jun 27, 2017
Service Tax on Loans - Consideration is only 'Interest on Loan' GST Nov 9, 2016
Interest on Service Tax GST Oct 13, 2016
Interest rate 24% or 15% GST Aug 17, 2016