29 January 2016
Service tax department has raised demand for the year 2011-12 with interest now the query is whether the interest will be charged at the rate prevailing in current financial year or at the rate prevailing in the F.Y 2011-12 Please do the needful
29 January 2016
From 01.04.2011 Interest to be calculated @18% P.A Notification 14/2011 , with effect from 01.10.2014 notification 12/2014 1. Up to 6 months- 18% 2 >6 Month to 1 Year – 24% 3. > 1 Year – 30%