Interest on delayed payment of service tax, Service Tax

[RAJESH NEELAKANTA IYER]

In the case of delayed payment of Service tax, whether Interest is required to be payable on the 1st of subsequent month or 6th of Subsequent month (in E payment) till the date of payment. Whether any notification/circular in this regard,Please provide.

RAJESH

 

Posts / Replies

[PAWAN KUMAR]

Yes interest is to be paid on delayed payment of service tax at the rate of 18 percent per annum from the due date of  payment till the date of actual payment of service tax. Notification No.15/2011-ST dated 01.03.2011 is the basic notification.