Rate of interest for late payment of service tax
Shaurya Sahrawat (85 Points)27 January 2023
We had filed last service tax return (April,17 to June,17) in the month of Dec, 2018 and paid interest @ 15% on late payment of service tax.
Now, the GST authorities pointed out that interest had to be calculated @ 24% for service tax collected but not deposited before due date as prescribed under Notification 13/2016-ST.
Please clarify whether the interest had to be calculated @ 24% instead of 15% on late payment of service tax