Interest rate for service tax
This query is : Resolved
Guest
Guest
(Querist)
23 December 2011
what is the rate of interest to be charged on delay in paymnet of service tax --
1)Delay from 2008
So upto 31.03.2011 interest rate @ 13% p.a.
thereafter from 1.04.2011 intereat rate @ 18% p.a.
IS THIS CORRECT ?
1)Delay from 2008
So upto 31.03.2011 interest rate @ 13% p.a.
thereafter from 1.04.2011 intereat rate @ 18% p.a.
IS THIS CORRECT ?
23 December 2011
If gross turnover of the relevant year is less than Rs.60 lakhs, interest from 1/4/2011 can be 15% instead of 18%.
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