Interest on late payment of service tax for corp. assessee

Hello Every One,

Please let me know the rate of interest of for late payment of service tax for Corporate Assessee.

Replies (1)
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).
.
15% p.a. simple interest for small scale sector assesses.
.
(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.)

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