Interest payment
This query is : Resolved
14 October 2014
Normal rate of interest is 18% p.a for non payment of service tax
but for small service providers rate is 15%p.a
but if an assessee is a service receiver and turnover less than 60lakhs which interest rate will be applicable
14 October 2014
Hi
Turnover below Rs. 60lacs in F.Y/preceding F.Y.–15% p.a
Turnover above Rs. 60lacs in F.Y/preceding F.Y. – 18% p.a.
Thanks
Turnover below Rs. 60lacs in F.Y/preceding F.Y.–15% p.a
Turnover above Rs. 60lacs in F.Y/preceding F.Y. – 18% p.a.
Thanks
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