Can we calculate cess & s &h cess on intt. on service tax

This query is : Resolved

AMIT GOYAL (Querist)
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10 April 2012 Dear Sir,
If we have not deposit service Tax for the period 01.01.12 to 31.03.12. then we calculate S.TAX 10.3% ON RECEIPTS & Intt. 18% per annum for delay days. will we calculate Education Cess 2% & secondary & h. ed cess 1% on intt. or not ? or only intt. calculate on receipts @ 18% p.a.

Please guide.

CA CS Amit S. Kedia

CA CS Amit S. Kedia (Expert)
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10 April 2012 Dear Amit,

First of all, If your turnover of taxable service exceeded the limit of 60 lakhs in P.Y then only rate of interest is 18%.
Otherwise you will have to pay @15% p.a

Further, first you have to calculate service tax @ 10.30% and interest will be charged on that amount.No further ed cess is applicable on such interest.

CA Kishore Tallam

CA Kishore Tallam (Expert)
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10 April 2012 EC and SHEC are leviable on Service tax. But interest paid on service tax is not considered as service tax.
Hence, EC and SHEC shall not be levied on Interest on service tax.

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