Service tax late payment

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  1. RaveeshbHAGWAT

    RaveeshbHAGWAT New Member

    hi,
    I need a clarification about service tax late payment.
    My doubt is that "how does the 'delay in months is calculated in late payment ?
     
  2. Dipesh B. Agare

    Dipesh B. Agare New Member

    Interest on Delayed Payment of Service Tax (SEC-75)
    Period of delay Rate of simple interest
    Upto 6 month 18% p.a.
    More than six month and up to 1 year 18% p.a. for the 1 st six month of delay and 24% p.a. for the delay beyond 6 months.
    More than 1 year 30% p.a. interest applicable.
     
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