Is it any rule or condition of Waiver of interest

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... Is it any rule or condition of Waiver of interest
Query (Issue) Started By: - RAM NAUDIYAL Dated:- 6-11-2012 Last Reply Date:- 9-11-2012 Service Tax
Got 3 Replies
Service Tax
Dear Experts .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... , Pl tell any rule or condition in which we can waive our interest for wrong interpetion of any rule or ingnorance of law. Thanks Reply By Pradeep Khatri: The Reply: Interest is statutorily payabl .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... e, it can't be waived off. Though, it may be reduced. Reply By NEERAJ KUMAR, RANCHI: The Reply: No there is not any such rule, interest is automatic and if tax/duty has not been paid in time, intere .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... st has to be paid. Reply By Seetharaman K C: The Reply: Interest cannot be waived and is therefore payable. It is only penalties which can be reduced or waived
Discussion Forum - Knowledge Shari .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ng .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X