Interest on delayed payments
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
05 July 2016
Please guide:
Rate of interest on delayed payments of service tax.
Rate of interest on delayed payments of service tax.
05 July 2016
1. Collection of any amount as service tax but failing to
pay the amount so collected to the credit of the
Central Government on or before the date on which
such payment becomes due. --24 %
2. Other than in situations covered under serial number
1 above. --15 %
1. Collection of any amount as service tax but failing to
pay the amount so collected to the credit of the
Central Government on or before the date on which
such payment becomes due. --24 %
2. Other than in situations covered under serial number
1 above. --15 %
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