19 December 2012
Rate - 18% (15% if turnover during previous financial year is upto Rs. 60 Lakhs). duration - from due date to actual date of payment..
19 December 2012
In addition to interest @ 18% or 15% you will have to pay a penalty under section 76 which will be---- Rs 100 per day or 1% per month of such tax , whichever is higher. But such penalty shall not exceed 50% of the amount of service tax.
CAclubindia
