Rate of Interest - Section 73B – Recovery of Excess Amount - 008/2006 - Service Tax

Rate of Interest - Section 73B - Recovery of Excess Amount

Notification No. 8/2006-Service Tax

Dated: April 19, 2006

In exercise of the powers conferred by section 73B of the Finance Act, 1994 (32 of 1994), the Central Government hereby fixes the rate of interest at ²[fifteen per cent.]  per annum for the purpose of said section.

[F.No. B1/4/2006-TRU]

(R. Sriram)

Deputy Secretary to the Government

 

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Notes:-

1. Substituted vide notification no. 15/2011 ST dated 1.3.2011 w.e.f. 1.4.2011, before it was read as, “Thirteen percent”
2. Substituted vide Not. 14/2016 - Dated 1-3-2016, w.e.f. the day the Finance Bill, 2016 receives the assent of the President, before it was read as, ¹[eighteen per cent].