Service tax

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if the service tax pending for the whole fy 2009-10 and the tax had been paid on 25/09/2014 den how i will calculated the interest

Replies (1)

Dear Subhadeep,

 

Please find the following interest rates p.a. as applicable to your case.

 

Periods

Effective Rate p.a. (%)

 

10/09/2004 - 31/03/2011

13.00

 

01/04/2011 - 30/09/2014

18.00

 

 

[Note: w.e.f. 08/04/2011 - the rate of interest should be reduced by 3 % for the service provider who has provided taxable services of less than 60 lakhs in the preceding FY]


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