Interest rate
This query is : Resolved
Vineeth PN
(Querist)
05 January 2017
Dear All,
We are providers of renting of immovable property with 15 % tax including both cess. we are collected tax and payed 15th day of December.how much is the interest i have to pay to department. 15 % or 24 %?
We are providers of renting of immovable property with 15 % tax including both cess. we are collected tax and payed 15th day of December.how much is the interest i have to pay to department. 15 % or 24 %?
Mithun Agarwal
(Expert)
05 January 2017
Collection of any amount as service tax but failing to
pay the amount so collected to the credit of the
Central Government on or before the date on which
such payment becomes due- 24% p.a.
Other than 15% p.a.
pay the amount so collected to the credit of the
Central Government on or before the date on which
such payment becomes due- 24% p.a.
Other than 15% p.a.
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