Interest on late payment of service tax for corp. assessee

Originally posted by : RAVI THAKUR
	Hello Every One, Please let me know the rate of interest of for late payment of service tax for Corporate Assessee.

18% p.a. simple interest  for all assessees (other than small scale sector assessee).
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15% p.a. simple interest for small scale sector assesses.
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(Small scale sector means a service provider, whose value of taxable service provided in a financial year does not exceed 60 lakh rupees during any of the financial years covered by the notice or during the last preceding financial year, as the case may be.)