Int., on service tax

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

14 December 2011 Dear Experts

If we are paying int of 3years i.e 2008-09 09-10 10-11 including this period. we are paying int amt in this month which % 18% or 13% (before 1.4.2011 18 or 13% )

thks in advance

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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14 December 2011 Upto 31/03/2011 interest rate was 13%. From 1/4/2011 rate of interest is 18% if gross turnover is more than Rs. 60 lakhs per annum or else it is 15%.

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