Interest on late payment of service tax

First check if the gross T/O is more than 60 Lakhs, then 18% PA else 15%PA. in your case delay in payment is more than 1 year hence interest is to be paid @ 30%PA the total interest payable would be 3,91,500 i.e for first 6 months @ 18%PA, for 6 months to 1 year delay period @ 24%PA and beyond 1 year period @ 30%PA

Paid on 07-Mar-16 also late.

pl pay 5th or 6th (Sunday) as per your convienenence.

I don't agree with mr. singhal reply because with effect from 01.10.2014 Notification No. 12/2014 ST has been issued to prescribe new slab rate of interest for delayed payment of service tax. for complete reply according to me u can visit: https://www.hdtmc.in/?p=17&preview_id=17&preview_nonce=95f480a1a9&post_format=standard&preview=true

pl find below;