Interest rate
This query is : Resolved
Nadim Petiwala
(Querist)
06 January 2016
Our CA told us that he will pay service tax on 8-1-16 because he is busy.
My question is that how much rate of interest we have to pay for late payment & panalty if any.
KAVIRAJA ADDANGADI
(Expert)
06 January 2016
You have to Pay interest 18% P.A 1.5% per Month up to 6 Months
24%P.A 2.0% per Month 6 Months to 1 Year
30% P.A 2.5 Per Month Above 1Year
24%P.A 2.0% per Month 6 Months to 1 Year
30% P.A 2.5 Per Month Above 1Year
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