Liablity to interest)(GTA), Service Tax

[Pradeep Dongre]

Sir,

I received goods & Invoice  on 1.2.12, 21.3.12(invoice date) (S.tax applicable  @10%)  and 4/2012 (S.tax applicable @12%) but  I paid service tax on goods received in February and March @10% and during April @ 12% ( by clubbing value  for 10% & 12% ) on 5.5.2012, would I be liable for interest  for delayed payment of service tax for  Feb/March . Urgent.Thanks

Posts / Replies

[Pradeep Khatri]

Yes, you have to pay the statutory interest either @ 18% or @ 15% as applicable on you.