TMI BlogVCES Interest for delayX X X X Extracts X X X X X X X X Extracts X X X X ..... VCES Interest for delay X X X X Extracts X X X X X X X X Extracts X X X X ..... ed, tax due was deposited on 30.06.2014. Now Audit party has detected that tax for period 01.07.2007 to 28.02.2009 was wrongly deposited @10% instead of 12%. Kindly guide the rate of inter ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... est and period for which the interest to be deposited. Reply By Naveed S: The Reply: Sir, the query raised by the audit department is correct. Service tax rate : Sr. No. Period Rate of Servi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ce Tax Rate of Education Cess Rate of Secondary and Higher Secondary Education Cess 1. 1-6-2007 to 23-2-2009 12% 2% of S.T. 1% of S.T. Further from 10.09.2004, the interest ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rate for late payment under service tax law is 13% and from 01.04.2011 onwards it is 18%. X X X X Extracts X X X X X X X X Extracts X X X X
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