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Is it any rule or condition of Waiver of interest, Service Tax

Issue Id: - 4912
Dated: 6-11-2012
By:- RAM NAUDIYAL

Is it any rule or condition of Waiver of interest


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Dear Experts,

Pl tell any rule or condition in which we can waive our interest for wrong interpetion of any rule or ingnorance of law.

Thanks

Posts / Replies

Showing Replies 1 to 3 of 3 Records

Page: 1


1 Dated: 6-11-2012
By:- Pradeep Khatri

Interest is statutorily payable, it can't be waived off.  Though, it may be reduced.


2 Dated: 6-11-2012
By:- NEERAJ KUMAR, RANCHI

No there is not any such rule, interest is automatic and if tax/duty has not been paid in time, interest has to be paid.


3 Dated: 9-11-2012
By:- Seetharaman K C

Interest cannot be waived and is therefore payable. It is only penalties which can be reduced or waived


Page: 1

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