Payment of interest on service tax

This query is : Resolved

AJAY KUMAR PASSI (Querist)
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01 December 2011 Kindly revert me which rate of Interest(13% or 18%)would be applicable for making the service tax payment related to last year (i.e. due on 05/01/2011), but to be paid today.

Thanks & Regards

Ajay Passi

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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01 December 2011 From 06/01/2011 to 31/03/2011 @ 13% and thereafter @ 18%. However, 15% is the interest rate instead of 18% if turnover is upto Rs 60/- lakhs per annum.

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