Service tax

ashraf (business) (35 Points)

27 November 2014

What are service tax rate and penalties of late payment

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DEEPAK (STUDY ) (70 Points)
Replied 28 November 2014

RATE of Service tax is same. But you will have to deposit interest @ 18% on the amount of late paid service tax.

Nikhil Mehta (NA) (244 Points)
Replied 28 November 2014

Rate of Interest u/s 75

Upto 6 months 18%

6<=12 months 18% for 6 months

24% for further 6 months

>12 months 18% for 6 months

24% for further 6 months

30% for beyond one year

Note: 3% concession for small service provider available.

ashraf (business) (35 Points)
Replied 28 November 2014

Thanks for your advice nikhil

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