Whether interest on late payment of service tax allowed. Please refer with section.
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Interest on late payment of service tax
Replies (6)
No sir... Any penalty or penal charges shall be disallowed...
agree with him, not allowed
Interest is Allowed as per Section 37 because it is of compensatory nature but penality will not allowed........
Thanks
yes penalty is not allowed but interest is allowed
if there is any late payment of service tax is there any Interest on Service tax
Kiran,
Interest is levied @ 13% pa on late payment of service tax.
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