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int . on late pmt

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(Querist)
06 April 2010 SIR PLEASE TELL ME THE INTEREST OF LATE PMT. OF SERVICE TAX.AS PAR MY KNOWLEDGE THE INT. NOT MORE THAN 2000. SIR IS IT CORRECT.IF WRONG THAN SIR PLEASE CLEAR MY DOUBT.THANKS IN ADVANCE.
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
06 April 2010 13% P.A.
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Nazir

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Nazir (Expert)
06 April 2010 right..
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CA Ashok Kumar Sahu

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CA Ashok Kumar Sahu (Expert)
06 April 2010 INTEREST RATE IS 13% PA,

NO PROVISION THAT THE INT. NOT MORE THAN 2000.
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GSTP Hari Dhayalan Konar

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GSTP Hari Dhayalan Konar (Expert)
06 April 2010 13% and should not exceed 2000.
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CA Ravi Sisodia

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CA Ravi Sisodia (Expert)
06 April 2010 Agree, 13%p.a.
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Mukesh Chhangani

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Mukesh Chhangani (Expert)
08 April 2010 Interest rate u/s 75 of Finance ACt, 1994 is 13% p.a. there is no provision for maximum interest to be charged as Rs.2000. Such Maximum provisions are there for Penalties and that too Rs. 5000.
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
08 April 2010 agree 13%
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CA Ravi Sisodia

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CA Ravi Sisodia (Expert)
08 April 2010 13% p.a.
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