Friday, 2 January 2015

Interest table u/s 75 under service tax.


Period of delay
> 60 lakhs preceding year
≤ 60 lakhs
preceding year
Up to 6 months
18%
15%
More than 6 months and up to 1 year
18% for the first 6 months of delay and 24% for delay beyond 6 months
15% for the first 6 months of delay and 21% for delay beyond 6 months
More than 1 year
18% for the first 6 months of delay; 24% for the period beyond 6 months up to 1 year and 30% for any delay beyond 1 year
15% for the first 6 months of delay; 21% for the period beyond 6 months up to 1 year and 27% for any delay beyond 1 year

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