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CALCULATION OF INTEREST ON DELAYED PAYMENT

Service Tax - Started By: - PARVEEN ARORA - Dated:- 10-9-2016 Last Replied Date:- 12-9-2016 - What is the rate of interest on delayed payment if we paid service tax for the month of March-2016 on 10.09.2016 - Reply By KASTURI SETHI - The Reply = Sh.A .....

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payable for Mar'16 has not been shown in the Service Tax Return submitted for period Oct'15-Mar'16. - Reply By Ganeshan Kalyani - The Reply = Sir, the rate of interest is reduced to 15%. Thanks. - Reply By CS SANJAY MALHOTRA - The Reply .....

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By KASTURI SETHI - The Reply = Yes Sir. It means both Notifications are relevant for the party. - Reply By Venkata prasad Pasupuleti - The Reply = For the delay upto 14.05.2016 - Rate is 18% For the delay after 14.05.2016 - 15% if unpaid service tax .....

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