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Interest payment

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(Querist)
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
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@VaibhavJ

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@VaibhavJ (Expert)
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.

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