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Interest if delayed payment of service tax

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Querist : Anonymous

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Querist : Anonymous (Querist)
17 November 2014
I need confirmation for the below,

If PY turnover is less than 60 lacs - 15% interst is for delay in payment of service tax. if PY turnover is more than 60 lacs - 18% interest is for delay in payment of service tax...

Can anybody confirm the above is correct.
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CA PRIYUL SHAH

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CA PRIYUL SHAH (Expert)
17 November 2014 Extent of Delay Simple Interest p.a. on Late Payment of Service Tax
Up to 6 months 18%
From 6 months up to 1 year 24%
More than 1 year 30%
3 percent interest rate concession allowed u/s 75 shall continue to be allowed to specified small service provider.
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