Interest on late service tax payment

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  1. If Service provider is in the category of small service provider , how he should pay interest as per new provision.

    Should he pay like this -
    Upto 30th Sep 2014 18-3=15
    after 30th sep 2014 >> 24-3=21 for delay upto 6 month
    and for delay more than 1 year >> 30-3=27


    Am I calculating right????????
     
  2. rudrabose

    rudrabose Active Member

    Request you to kindly re-explain your query as it is not clear.
     
  3. Sir ,
    Small service provider have to pay interest on late payment of ST.
    say service tax payment delay is more than 1 year . So he have to pay interest as per new provision i.e 18% / 24%/30%.
    So Small service provider is allowed to pay interest as per concessional interest u/s 75 i.e 3% deduction.

    My query is that -

    after 30th sep 2014 , how he has to to pay
    ( assume service tax is of FY 12-13)
     
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