Save Rs 499 on a 2-Year Ad-Free CAclubindia Pro Membership. Subscribe Now!

banner_ad

Rate of interest on service tax wrong availment

This query is : Resolved

Share Report Follow Query Ask a Query

BASAVA SRINIVAS

BASAVA SRINIVAS (Querist)
Follow

01 December 2015 Dear Sir,

I have wrongly availed cenvat credit on input services and utilised for period from June 2013 onwards,Auditors are insist to us to pay interest. so please confirm interest applicable o not. if applicable then what is the interest rate.is it 13% or 18%.

Dipesh (Expert)
Follow

01 December 2015 It's gonna be 15% after taking in to the account of concession 3% otherwise it would be 18% for the service providers whose turnover is more than of ₹ 60 Lakhs.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CCI Pro

Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

CCI Pro

Meet our CAclubindia PRO Members

Pro Member Rasheed Mohd Abdul

Rasheed Mohd Abdul

Pro Member Anant Kuber

Anant Kuber

Pro Member J.Vijai

J.Vijai

Pro Member ramesh kumar

ramesh kumar

Pro Member Ashish Nerlekar

Ashish Nerlekar

Follow us

add to google news

Answer Query

Quick Links

Browse by Category

Latest Job Openings

View all

ARTICLESHIP 15 May 2026

Audit Assistant / Article Trainee / Intern

SSGS and Associates

Chennai

CA Inter

View Details

27 May 2026

Audit Assitant

Virender K Gupta and Co

New Delhi

B.Com

View Details

29 May 2026

Company Secretary - Part time

Shaswat initial support private limited

Ahmedabad

CS

View Details

ARTICLESHIP 23 May 2026

Article Assistants

Acupro Consulting

Gurgaon

CA Inter

View Details

09 May 2026

Audit Manager

Kanna and Associates

Coimbatore

CA Inter

View Details

ARTICLESHIP 27 May 2026

CA Article Trainee

Rahul Dang & Associates-Chartered Accountants

Pune

CA Inter

View Details

26 May 2026

Senior Accountant cum purchase Manager

Vardhaman Group of India

Pimpri Chinchwad

CA Inter

View Details

10 May 2026

Finance specialist

Right way solution

Ajmer

CA

View Details