Interest on service tax.
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
29 June 2015
Dear Sir,
w.e.f. 01/10/2014 intt. on ST variate as 18%, 24%, 30%. In law there is a provision for concession of 3% in Intt. rate. So my question is that whether such concession applies only to 18% or to all i.e. Intt. rate will be 15%, 24%, 30% or it will be 15%, 21%, 27%. please clarify me.
w.e.f. 01/10/2014 intt. on ST variate as 18%, 24%, 30%. In law there is a provision for concession of 3% in Intt. rate. So my question is that whether such concession applies only to 18% or to all i.e. Intt. rate will be 15%, 24%, 30% or it will be 15%, 21%, 27%. please clarify me.
29 June 2015
15%, 21% and 27% will be applicable.
You can also check out the "Service Tax Late Payment Interest Calculator wef 01/10/2014" from link given below:
https://www.caclubindia.com/share_files/service-tax-late-payment-interest-calculator-wef-01-10-2014-64447.asp#.VLPlniuUfUs
You can also check out the "Service Tax Late Payment Interest Calculator wef 01/10/2014" from link given below:
https://www.caclubindia.com/share_files/service-tax-late-payment-interest-calculator-wef-01-10-2014-64447.asp#.VLPlniuUfUs
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