Interest on delay in payment of service tax

hardik (NA) (70 Points)

17 August 2016  

Due to a new change in interest rates of delay in payment of service tax we are facing a confusion.

What will be the interest on 100000 service tax payable in the month of dec2015 and paid in 17 aug 2016.

RATES BEFORE WERE 18% AND NOW IS 15%

 total turnover is below 60L hence benefit of 3% is also available.