TMI Blogservice tax interest calculationX X X X Extracts X X X X X X X X Extracts X X X X ..... As per Sec 75 of Finance act 1994 read with Notification no. 13/2016 - Dated 1-3-2016 w.e.f. 14.5.2016, interest at 15% p.a. is levied for other cases (i.e. service tax is not collected from the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... customers) for non - payment of service tax liability. For instance, there is an unpaid liability for a period exceeding 6 years, is there any max ceiling limit for the interest on such liability or ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... simple interest @ 15% is calculated for the due period which is more than the ST liability. Thanks in advance. - Reply By KASTURI SETHI - The Reply = I want to know full facts of t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... he case. Whether SCN invoking extended period has been issued ? If so, whether extended period has been invoked correctly ? - Reply By KASTURI SETHI - The Reply = Int ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... erest can exceed tax. There is no such cap in Service Tax laws. - Reply By DR.MARIAPPAN GOVINDARAJAN - The Reply = There is no other way except to pay the interest in full. - service tax interest ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... calculation - Query Started By: - Mohideen A Dated:- 13-11-2023 Last Replied Date:- 22-11-2023 Service Tax - Got 3 Replies - Service Tax - Discussion Forum - Knowledge Sharing, reply post by an expe ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rt, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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