Service tax interest

CA Rajdeepsinh Kanchava (Senior accountant at KPO)   (736 Points)

02 January 2015  

Hello There,

Greetings of the day to all CCI memers.

I am confused abount applicability of notification No.12/ST, dated 11.07.2014 wherein it has been stated that interest rates from 01.10.2014 shall be as prescribed in the said notification.But if we are having service tax for the period prior to 01.10.2014 which we are paying after 01.10.2014, then whether we are to consinder revised interest rates or we are required to calculate service tax as per old interest rates.

Please reply fast...

Thanks in advance.