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Service Tax Challans Interest Calculation

(Querist) 09 July 2009 This query is : Resolved 
I think interest for late depositing of ST shall b calculated per day @ 13% annum.
People use to calculate interest per month. I mean, even if w deposit it one day late, they use to pay interest for a whole month...i think this is not correct...interst shall b paid for one day only...Am i correct?
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tarun goyal (Expert) 23 July 2009
u are right dear.
Guest (Querist) 23 July 2009
Tx Boss

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