Interest on service tax
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
21 April 2012
dear sir/madam, what is the rate of interest on late payment of service tax. please explain it in detailed
21 April 2012
In case of delay in payment of service tax, interest shall be charged @18% from the date of payable up to the date of payment.
However,Incase those service providers having turnover upto 60 lakhs in previous financial year, rate will be 15% insted of 18%.
However,Incase those service providers having turnover upto 60 lakhs in previous financial year, rate will be 15% insted of 18%.
21 April 2012
TO upto 60 lacs in previous year.
21 April 2012
yes.agree with above expert.
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