https://www.taxtmi.com/article/detailed?id=5122 Delayed or non-payment of service tax attracts mandatory interest at rates notified from time to time, computed segment-wise if rates change during the default period; interest cannot be waived and applies even where tax is paid before show cause notice or voluntarily belatedly and utilized as credit. Failure to pay also attracts a penalty imposed as a daily amount or percentage subject to a ceiling. Judicial rulings require specific exclusion orders for stay periods to avoid interest, and recipients claiming CENVAT credit bear the burden of proving the input service provider paid the tax before credit utilization. en-us Fri, 03 May 2013 10:03:01 +0530 Thu, 11 Jul 2013 18:07:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=5122 Delayed or non-payment of service tax attracts mandatory interest at rates notified from time to time, computed segment-wise if rates change during the default period; interest cannot be waived and applies even where tax is paid before show cause notice or voluntarily belatedly and utilized as credit. Failure to pay also attracts a penalty imposed as a daily amount or percentage subject to a ceiling. Judicial rulings require specific exclusion orders for stay periods to avoid interest, and recipients claiming CENVAT credit bear the burden of proving the input service provider paid the tax before credit utilization. Articles Service Tax Fri, 03 May 2013 10:03:01 +0530 https://www.taxtmi.com/article/detailed?id=5122