Liablity to interest)(GTA)

[Pradeep Dongre]

Sir,

I received goods & Invoice  on 1.2.12, 21.3.12(invoice date) (S.tax applicable  @10%)  and 4/2012 (S.tax applicable @12%) but  I paid service tax on goods received in February and March @10% and during April @ 12% ( by clubbing value  for 10% & 12% ) on 5.5.2012, would I be liable for interest  for delayed payment of service tax for  Feb/March . Urgent.Thanks

AI Summary

Liability for Interest on Delayed 2012 Service Tax Payments Clarified: Pay 18% or 15% Depending on Rate A user inquired about the liability for interest on delayed service tax payments for goods received in February and March 2012, where service tax was paid at 10%, and in April 2012, where it was paid at 12%. The payment was made on May 5, 2012. The response clarified that the user must pay statutory interest on the delayed payment, either at 18% or 15%, depending on the applicable rate.