https://www.taxtmi.com/article/detailed?id=1176 Amendments fix the interest rate on central excise and service tax liabilities at 18% per annum, replacing the earlier rate, with applicability from the specified fiscal commencement. A proviso reduces the applicable interest by three percentage points for service providers whose taxable services do not exceed the statutory turnover threshold in the relevant financial year, limiting relief to small service providers. en-us Wed, 02 Mar 2011 21:54:16 +0530 Thu, 03 Mar 2011 09:52:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=1176 Amendments fix the interest rate on central excise and service tax liabilities at 18% per annum, replacing the earlier rate, with applicability from the specified fiscal commencement. A proviso reduces the applicable interest by three percentage points for service providers whose taxable services do not exceed the statutory turnover threshold in the relevant financial year, limiting relief to small service providers. Articles Central Excise Wed, 02 Mar 2011 21:54:16 +0530 https://www.taxtmi.com/article/detailed?id=1176