Prescribes rate of Interest for late payment of service tax - Section 75

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..... tment of Revenue) Notification No. 12/2014 - Service Tax New Delhi, the 11th July, 2014 G.S.R. 481(E) .- In exercise of the powers conferred by section 75 of the Finance Act, 1994 (32 of 1994) and in supersession of the notification No.26/2004-Service Tax, dated 10th September, 2004, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide numb .....

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..... More than one year 18 per cent. for the first six months of delay; 24 per cent. for the period beyond six months up to one year and 30 per cent. for any delay beyond one year. 2. This notification shall come into force on the 1st day of October, 2014. [F. No. 334 /15/2014 -TRU] (Akshay Joshi) Under Secretary to the Government of Indi .....

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