26 November 2013
Sir, we are liable to pay service tax from the last one year, we are now paying the service tax like to know what will be the interest liable.
26 November 2013
Interest rate for delay payment is 18%. However if Value of Taxable Service provided : not exceed Rs. 60 Lakh during preceding financial year Interest rates shall be reduced by 3% and accordingly rate will be 15%.
CAclubindia
