Rate of interest for late payment amended to a higher rate under service tax notification, effective April. The notification amends the principal service tax notification by substituting the previously stated interest rate with a higher rate, thereby increasing the rate of interest for late payment of service tax; the amendment takes effect from the stated commencement date so that the higher rate applies to late payment liabilities arising on or after that date.
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Rate of interest for late payment amended to a higher rate under service tax notification, effective April.
The notification amends the principal service tax notification by substituting the previously stated interest rate with a higher rate, thereby increasing the rate of interest for late payment of service tax; the amendment takes effect from the stated commencement date so that the higher rate applies to late payment liabilities arising on or after that date.
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