Interest on service tax
This query is : Resolved
07 July 2015
Sir ,
as per new rules the rate of service tax is 14% n there is no sc , shec .
then if there is required to pay interest on service tax , then interest is calculated @18% without sc n shec or 18% + 2% on sc and 1% shec.= 18.54%
as per new rules the rate of service tax is 14% n there is no sc , shec .
then if there is required to pay interest on service tax , then interest is calculated @18% without sc n shec or 18% + 2% on sc and 1% shec.= 18.54%
07 July 2015
ECS & Shecess has been subsumed and new rate of service tax is 14%wef 01.06.14, hence will be only on 14 % based on interest notification.
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