Service tax interest rate below 60 lac

Harendra Kumar

Tax Advisor

1326 Points Posted on 31 March 2014

Sir,

calculate interest @ 18% p.a.

nikhil

ca final

233 Points Posted on 31 March 2014

For turnover below 60 lacs concessional rate of 15% will be applicable...apply 15% pa on days basis...ie amount payable*15%*days from due date to actual date of payment/365

DINU SUKUMAR

Audit Manager

176 Points Posted on 01 April 2014

15% interest rate for small service providers

Sandeep Mangal Agarwal

Chief Accountant

199 Points Posted on 01 April 2014

15 % pa on days basis.

hitesh

consultant

22 Points Posted on 01 April 2014

SSI unit registered with service tax (GTA) if unit cross limit of 150 lacs they can avail cenvat credit of gta? And unit can get 75% abetment on gta so they can take credit of service tax.

nirmal

student

22 Points Posted on 02 April 2014

i m fy b.com student nd i want to know bout cenvat nd cenvat credit..... Pls reply....

nirmal

student

22 Points Posted on 02 April 2014

i m fy b.com student nd i want to know bout cenvat nd cenvat credit..... Pls reply....

Akshay Garg

Indirect tax trainee

457 Points Posted on 07 April 2014

15% per annum on the service tax value shall be calculated on day basis. The period on which interst shall be calculated shall be date of actual payment - date on which the liability to pay arises i.e 5or 6 of the succeeding month except March.