service tax interest calculation

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..... service tax interest calculation
Query (Issue) Started By: - Mohideen A Dated:- 13-11-2023 Last Reply Date:- 22-11-2023 Service Tax
Got 3 Replies
Service Tax
As per Sec 75 of Finance act .....

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..... 1994 read with Notification no. 13/2016 - Dated 1-3-2016 w.e.f. 14.5.2016, interest at 15% p.a. is levied for other cases (i.e. service tax is not collected from the customers) for non - payment of se .....

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..... rvice tax liability. For instance, there is an unpaid liability for a period exceeding 6 years, is there any max ceiling limit for the interest on such liability or simple interest @ 15% is calculated .....

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..... for the due period which is more than the ST liability. Thanks in advance. Reply By KASTURI SETHI: The Reply: I want to know full facts of the case. Whether SCN invoking extended period has been .....

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..... issued ? If so, whether extended period has been invoked correctly ? Reply By KASTURI SETHI: The Reply: Interest can exceed tax. There is no such cap in Service Tax laws. Reply By DR.MARIAPPAN GO .....

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..... VINDARAJAN: The Reply: There is no other way except to pay the interest in full.
Discussion Forum - Knowledge Sharing .....

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