Is there any provision for waiving interest payment in service tax? Please give your opinion
J Mathew
JOBY MATHEW (Company secretary) (24 Points)
13 May 2010Is there any provision for waiving interest payment in service tax? Please give your opinion
J Mathew
Jeevesh Mehta
(Advocate- Corporate Commercial & Indirect Tax Advisory)
(861 Points)
Replied 14 May 2010
Mr Mathews
There is no provision as to waiver of interest liability in case of delayed payment of service tax. But there may arise few situation like-1. Service tax was not liable to be paid, 2. Delay caused due to some departmental procedures.
Court / Tribunals have held that if the assessee was liable to pay the service tax and he did not pay in on time then interest have to be levied.
Regards
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
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