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rate of interest on delayed payment

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(Querist)
16 July 2010 what is the rate of interest on delayed payment of service tax ? weather it can be calculated on propotionate basis?
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
16 July 2010 Interest rate is 13% p. a. based on the number of days counting from the due date till the date of payment of Service Tax.
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CA. BIJENDER KR. BANSAL

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CA. BIJENDER KR. BANSAL (Expert)
16 July 2010 AGREED
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