Interest on delayed payments

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Querist : Anonymous (Querist)

05 July 2016 Please guide:

Rate of interest on delayed payments of service tax.

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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05 July 2016
1. Collection of any amount as service tax but failing to
pay the amount so collected to the credit of the
Central Government on or before the date on which
such payment becomes due. --24 %

2. Other than in situations covered under serial number
1 above. --15 %