Interest rate of service tax delayed payment

This query is : Resolved 

09 April 2012 Dear all,

can anybody send me the recent interest rate of service tax after budget -2012.

thankyou

Sellaamuthu.T

09 April 2012 No changes.
Interest rate ( As per otification no. No. 6/2011) is 18% p.a on service tax if value of taxable service is more than Rs. 60 Lakhs and if less than Rs. 60 Lakh, you have to pay 15% p.a. interest on service tax if you do not pay service tax within the due date. The new rate of interest of 18% p.a. is applicable from 1st April, 2011.

09 April 2012 Agree with expert


09 April 2012 18 % p.a or p.m ?

09 April 2012 18% per annum

09 April 2012 Agree with amit.



You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries