TMI BlogInterest of Late deposit of Service Tax LiabilityX X X X Extracts X X X X X X X X Extracts X X X X ..... Dear All As the interest rate for late deposit of service tax liability has been increased from 13% to 18% w.e.f. 1st April 2011, whether it will be applicable for the period falling after 1st April ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 2011 or amount deposit after 1st April 2011. For Example: Liability of the Assesee is Rs 2L for September 2010, and it will be deposit the same this month i.e. August 2011, how will it compute its li ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ability for interest like From October 10 to March 11 - 13% April 11 to August 11 - 18% OR From October 10 to August 11 - 18% Please reply asap. Regards RAPG Co. - Rep ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ly By ROHAN THAKKAR - The Reply = Dear Sir, The interest on late deposit of service tax has been increased from 13% to 18% (15% for those assessee whose turnover in the previous year is less than R ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s 60 lakhs) from 01-04-2011. Consequently, interest on late payment upto 31-03-2011 will be 13% and from 01-04-2011, it has to be calculated at 18% (or 15% as the case may be) Regards, R ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ohan Thakkar rohan@rthakkar.com - Reply By DEV KUMAR KOTHARI - The Reply = I agree with reply given by shri Thakkar. - Interest of Late deposit of Service Tax Liability - Query Started ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... By: - PANKAJ GROVER Dated:- 26-8-2011 Service Tax - Got 2 Replies - Service Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagemen ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... tindia - 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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