Interest Rate of Service Tax in case of Turnover Below 60 Lakhs

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... Sir, From 01.10.2014 Interest Rate for has been revised as 18%,24% 30% as per delayed period. My query is if I have turnover below 60 Lakhs, can I pay Service Tax Interest @ 15%,21% 27% respect .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ively calculating 3% concession ?? - Reply By CS SANJAY MALHOTRA - The Reply = Concessional Rate of Interest @3% on Service Tax Liability is available to SSI unit if Turnover is below ₹ 60 Lac .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... s. The said benefit is available in each slab or else the purpose of concessions stands defeated. - Reply By YAGAY AND SUN - The Reply = Dear Mehul, It's gonna be 15% after taking in to the .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... account of concession 3% otherwise it would be 18% for the service providers whose turnover is more than of ₹ 60 Lakhs. Regards, YAGAY SUN (Management, Business Indirect Tax Cons .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ultants) - Interest Rate of Service Tax in case of Turnover Below 60 Lakhs - Query Started By: - Mehul Pandya Dated:- 19-5-2015 Service Tax - Got 2 Replies - Service Tax - Discussion Forum - Knowle .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... dge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X