We are into business from 01/05/2014 as service provider.
Our total taxable turnover for the FY 2014-15 is Rs.1.15 Crore.
Our total service tax liability for the FY 2014-15 around Rs.1,00,000/-. now we are going to pay the ST amount with interest. Anybody please clarify, whether we can opt concessional rate of interest @ 15% PA (Proviso to Section 75 of finance Act, 1994) or not to pay the due amount.
CAclubindia
