Interest on Service Tax

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  1. Arun Panchal

    Arun Panchal New Member

    my query is whether the new interest rate of service tax applicable from Oct 2014 transaction ot it would be applicable on earlier delay principle amount as well ( i.e delay payment of Sep- 13 discharging in Oct -14) what interest rate we need to discharge is we need to discharge on pro rata base or how???
     
  2. Up to six months, 18%. You will be charged 18% p.a. as you pay tax delayed by up to six months.
     
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