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Interest rate 24% or 15%

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Querist : Anonymous

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Querist : Anonymous (Querist)
17 August 2016 Service tax registration under Development and supply of content service

Bill Issued 05 JULY 2016 with Service Tax

Payment received against Bill on 16 August 2016

Now want to payment of Service tax of July 16 with late interest

Interest applicable 15% or 24% ?

- service tax collected and not deposited 24% ?
- Service Tax not collected not paid 15% ????
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PAWAN KUMAR

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PAWAN KUMAR (Expert)
17 August 2016 you need to pay interest @ 15%.

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