Service Tax Interest calcns

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  1. Arun Kaura

    Arun Kaura New Member

    Serv Tax is to be paid on 6th of next quarter. If I make payment online on say 8th then I should calculate interest at 18% for 1 month or at 18% for 2 Days (TaxableAmt*18%*2/365).

    Similar calcns for Swatch Bharat Cess - for 1 Month at 18% pa or (TaxableAmt*0.5%*2/365).


    Arun Kaura.
  2. sai tejesh(

    sai tejesh( Active Member

    your calculation is correct.
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