Late payment interest rate
This query is : Resolved
01 February 2017
As per the rules if service tax is not collected separately, the gross amount has to be adopted to quantify the tax liability. If we calculated the service tax as per the above provision and payment has been made beyond the due date, what will be the interest rate for late payment? please reply
01 February 2017
15%. Inference - Rate given along side sl. no.2 of notification 13/2016 dated 1.3.2016.
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