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Interest rate of service tax delayed payment

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(Querist)
09 April 2012 Dear all,

can anybody send me the recent interest rate of service tax after budget -2012.

thankyou

Sellaamuthu.T
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
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.
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Mihir Doshi

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Mihir Doshi (Expert)
09 April 2012 Agree with expert
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Sandeep Arora

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Sandeep Arora (Expert)
09 April 2012 18 % p.a or p.m ?
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Mihir Doshi

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Mihir Doshi (Expert)
09 April 2012 18% per annum
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CA Kishore Tallam

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CA Kishore Tallam (Expert)
09 April 2012 Agree with amit.
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