DUTY % & RATE OF INTEREST

[NANDA H.L.]

GOOD MORINGIn financial year 2011-12 & 2012-13 we have not paid the Service Tax towards GTA. Now we are paying the same. 1. As I understand, for the period Apr11 to Mar12 we need to pay Service Tax 10 percent & interest rate 18 percent 2. For the period from Apr12 ST to be pay at the rate of 12 percent .3. We availing 75 percent abatement. ST will be paid on 25 percent , can we avail the credit for Freight Inward & Freight OutwardPlease suggest.

AI Summary

Clarification on Overdue Service Tax Payments for 2011-13: Rates, Abatements, and CENVAT Credit Details Explained A user inquired about paying overdue Service Tax for the financial years 2011-12 and 2012-13, specifically regarding rates and abatements. They mentioned paying 10% Service Tax with 18% interest for 2011-12 and 12% Service Tax for 2012-13, while availing a 75% abatement, thus paying on 25% of the value. Two respondents confirmed the correctness of these details. They clarified that CENVAT credit on freight inward is available, while credit on outward freight is limited to the place of removal. Additionally, a declaration from the transporter is required to claim abatement benefits.