Rate of Interest for late payment increased from 13% to 18% w.e.f. 1.4.2011 - Amends notification no. 9/2006 - 15/2011 – Service Tax - Service Tax

Notification No. 15/2011 Service Tax New Delhi, the 1 st March, 2011 G.S.R. (E).- In exercise of the powers conferred by section 73B of the Finance Act, 1994 (32 of 1994) , the Central Government, hereby makes the following amendment in the notification of the Government of India in the Ministry of Finance (Department of Revenue) No. 8/2006-Service Tax, dated the 19th April, 2006, published in the Gazette of India, Extraordinary, vide number G.S.R.224 (E), dated the 19th April, 2006, namely:- In the said notification, for the words thirteen per cent. , the words eighteen per cent. Shall be substituted. 2. This notification shall come into force on the 1st day of April, 2011. [F. No. 334/3/2011-TRU] (SAMAR NANDA) Under Secretary to the Government of India Note.- The principal notification No.8/2006-Service Tax , dated the 19th April, 2006 was published in the Gazette of India, Extraordinary, vide number G.S.R.224 (E), dated the 19th April, 2006.