Payment of interest on service tax
This query is : Resolved
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
Thanks & Regards
Ajay Passi
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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