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New rates of interest

Service Tax - Started By: - vasudevan unnikrishnan - Dated:- 2-3-2016 Last Replied Date:- 21-3-2016 - Hope all of you must have seen the notification no.13/2016 ST as per which the rates have been fixed as 15 and 24% from the date of enactment of FA,2016. Has anybody examined the exact scope of words- except as respects things done or omitted to be done before such supersession Does it have any implication that new rates will apply from the due date of payment of taxes in all cases? unnikrishnan .....

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ll the payment is made. Thanks. - Reply By KASTURI SETHI - The Reply = Sh.Vasudevan Unnikrishnan Ji, I agree with both experts, namely, Sh. Rajagopalan Ranganathan and Sh. Ganeshan Kalyani, Sirs. I further add that reduced rate of interest is applicable to Future Offenders for delay in payment. Just for additional information, it is pertinent to mention that when rate of interest is increased by the Govt., normally the Govt. officers charge the increased rate of interest retrospectively. For exa .....

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