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Interest on Service Tax

Service Tax - Started By: - Aitha RajyaLakshmi - Dated:- 1-4-2017 Last Replied Date:- 1-4-2017 - Sir,The rate of Interest @ 15% per year in case of delayed payment of Service Tax. Whether it mean that interest to be apid @ 1.25% per Month or irrespective of period of delay Interest @ 15% is to be paid.For example, Liability for the Month of March is to be paid by 31st march itself. if we pay it on either 5th or 6th of April what shall be the rate of Interest to be paid? - Reply By Himansu Sha - .....

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