Interest on Service Tax

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  1. Surender Yadav

    Surender Yadav New Member


    Service Tax was supposed to be paid by May 2009

    However we went to Supreme Court against Service Tax Dept.

    In Supreme it was decided the amount shall be paid 01/03/2012.
    Ruling Says - However in the event of default on the part of the Applicants in deposit by the due date, it will be open to the service tax department to recover the entire amount in arrears forthwith.

    The amount was deposited on 15 march 2012 ( 15 days later)

    Now the interest will calculated on 15 days or from May 2009 (984 Days) by the Service tax department ?
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