Interest on delay in payment of service tax

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Aman Dhingra (Querist)
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04 December 2015 Due amount of service tax is 18000 and interest is to be paid for period July 2010 to December 2015.Kindly let me know the amount of interest i have to deposit & whether interest amount can exceed service tax amount?

KAVIRAJA ADDANGADI

KAVIRAJA ADDANGADI (Expert)
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04 December 2015 Revise Rate of Return from 01.10.2014

Up to 6 Months =18% PA

> 6 Months to Year =24% PA

> 1 Year =30% PA

Interest amounts to Rs.20250/-

Aman Dhingra

Aman Dhingra (Querist)
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04 December 2015 Can you explain this calculation?and what will be interest rate till 01.10.2014 as interest will be calculated from July 2010?

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KAVIRAJA ADDANGADI

KAVIRAJA ADDANGADI (Expert)
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04 December 2015 Till Sept 2014 I have worked 18%. Oct to tlll date 30%

Aman Dhingra

Aman Dhingra (Querist)
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05 December 2015 But interest amount cannot exceed total ST payable amount.Am i right?