Service tax query

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harish (Querist)
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21 April 2012 Hi All,

I've one general query related to service tax hope u guys will me

Rs 60 Lakh limit for levying interest on late deposit ( i.e.18% ) refers to total value of taxable service per annum – Does this limit includes value of exempted services (exported services, services to UN agencies etc) too.

Thanks for reading.........

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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23 April 2012 Value of taxable services does not exceed sixty lakh rupees during the last preceding financial year ,then rate of interest is 15%.
Thus, value of exempted services need not be looked into to determine the said Rs.60/- lakhs.

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