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    <title>Rate of Interest for late payment increased from 13% to 18% w.e.f. 1.4.2011 - Amends notification no. 9/2006</title>
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    <description>The Government, exercising statutory amendment power under the Finance Act provision, amends Notification No.8/2006-Service Tax by substituting the previously specified rate of interest for late payment with a higher rate; the substitution is effected by replacing the earlier wording with the new wording in the principal notification and the amendment is effective from the first day of April of the stated year.</description>
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      <description>The Government, exercising statutory amendment power under the Finance Act provision, amends Notification No.8/2006-Service Tax by substituting the previously specified rate of interest for late payment with a higher rate; the substitution is effected by replacing the earlier wording with the new wording in the principal notification and the amendment is effective from the first day of April of the stated year.</description>
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