allowance of interest on late payment of service tax pretain to previous years

[Guest]

Dear All

I have one query regarding allowance of interest on late payment of service tax belongs to previous years...

I have paid Rs 501608 service tax and Rs .103522 interest on that on 24.12.2013 that is in fy 2013-14 which belongs to fy 2012-13 now please tell me the interest 1.5% per month from billing date to till date of payment i have paid will be allowed in IT or not if yes then please let me know the rule or section which allowed the same

Thanks and Regards,

ANIL KUMAR

9380148789

AI Summary

Clarification Sought on Allowance of 1.5% Monthly Interest for Late Service Tax Payment Under Income Tax Rules A user inquired about the allowance of interest on late payment of service tax related to previous years. They paid service tax and interest in the fiscal year 2013-14 for the fiscal year 2012-13 and sought clarification on whether the interest at 1.5% per month from the billing date to the payment date is allowable under Income Tax. A respondent asked if the issue had been clarified and requested further information if not.