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Section 75 - Interest on Delayed Payment of Service Tax - Chapter V of Finance Act, 1994
Interest on Delayed Payment of Service Tax - Chapter V of Finance Act, 1994 - Service Tax - Section 75 - 75. 1[Interest on delayed payment of service tax] Every person, liable to pay the tax in accordance with the provisions of section 68 or rules made thereunder, who fails to credit the tax or any part thereof to the account of the Central Government within the period prescribed, shall pay simple interest 2[ 3[at such rate not below ten percent. and not exceeding thirty-six per cent. per .....