Delayed Payment Interest Rates under Service tax
Till 30-9-2014 - 18%
From 01-10-2014 -
18% - delay upto 6 months ( i.e till 31.03.2015)
24% - more than 6 months but upto one year ( i.e.from 01.04.15 to 30.09.2015)
30% - beyond one year ( from 01.10.2015 til payment date)
Hence, everyone has to be very clear about due dates, actual dates of payment, interest rates etc. Date of Issue of Demand is not relevant at all.
Posted 2 years, 7 months ago by Half-God Half-Man
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