We are doing Cotton Business and also having a commercial complex which is let out to the various tenants. We have received rental income and collected service tax also. But we have not paid service tax regularly due to the writ petition pending in Hon’ble High court,
Financial Year Service Tax Interest Date of S.Tax Date of Interest paid
Payable Paid
2007-08 1550000 135000 19/07/2011 15/08/2011
2008-09 1550000 155000 19/07/2011 15/08/2011
2009-10 1550000 165000 19/07/2011 15/08/2011
2010-11 1550000 175000 20/07/2011 15/08/2011
2011-12 775000 189000 20/07/2011 15/08/2011
In this situation, whether the above interest is allowable or not for the financial year 2010-11. Please advise me.