Interest rate of service tax delayed payment
This query is : Resolved
T.Sellamuthu
(Querist)
09 April 2012
Dear all,
can anybody send me the recent interest rate of service tax after budget -2012.
thankyou
Sellaamuthu.T
can anybody send me the recent interest rate of service tax after budget -2012.
thankyou
Sellaamuthu.T
09 April 2012
No changes.
Interest rate ( As per otification no. No. 6/2011) is 18% p.a on service tax if value of taxable service is more than Rs. 60 Lakhs and if less than Rs. 60 Lakh, you have to pay 15% p.a. interest on service tax if you do not pay service tax within the due date. The new rate of interest of 18% p.a. is applicable from 1st April, 2011.
Interest rate ( As per otification no. No. 6/2011) is 18% p.a on service tax if value of taxable service is more than Rs. 60 Lakhs and if less than Rs. 60 Lakh, you have to pay 15% p.a. interest on service tax if you do not pay service tax within the due date. The new rate of interest of 18% p.a. is applicable from 1st April, 2011.
Mihir Doshi
(Expert)
09 April 2012
Agree with expert
Sandeep Arora
(Expert)
09 April 2012
18 % p.a or p.m ?
Mihir Doshi
(Expert)
09 April 2012
18% per annum
CA Kishore Tallam
(Expert)
09 April 2012
Agree with amit.
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