Interest rate for 2002-03,2003-04,

[Vijay Chitte]

Any one can provide me the interest rate for the following financial year? 2002-03,2003-04,2004-05,2005-06

[K Balasubramanian]

Period prior to 16/07/2001 1.50 per cent per month or part thereof. 16/07/2001 to 15/08/2002 24% P A 16/08/2002 to 09/09/2004 15% P A From 10/09/2004 13% P A

AI Summary

Interest rate for service tax: different annual and monthly rates apply for successive historical periods, as clarified in forum reply. Interest rates applicable to Service Tax liabilities are provided as a factual schedule by period: a higher monthly charge applied prior to mid July 2001, followed by specified annual rates for subsequent periods, with a lower annual rate applying from early September 2004; the reply is a periodised list for calculating interest on Service Tax obligations.