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 1st 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.