https://www.taxtmi.com/forum/issue?id=10 Interest on delayed service tax payments is chargeable at 13% P.A., payable with the outstanding tax through the TR-6 challan. Service tax deposits are quarterly for proprietorships/partnerships and monthly for companies; ST-3 returns are filed half yearly. Interest cannot be escaped, so tax and interest should be paid promptly. Since 10.09.2004 mandatory penalties were replaced by a discretionary penalty provision u/s 77; a reasonable cause may avert penalty. en-us Fri, 25 Nov 2005 15:00:39 +0530 Thu, 23 Jan 2025 15:59:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=10 Interest on delayed service tax payments is chargeable at 13% P.A., payable with the outstanding tax through the TR-6 challan. Service tax deposits are quarterly for proprietorships/partnerships and monthly for companies; ST-3 returns are filed half yearly. Interest cannot be escaped, so tax and interest should be paid promptly. Since 10.09.2004 mandatory penalties were replaced by a discretionary penalty provision u/s 77; a reasonable cause may avert penalty. Discussion-Forum Service Tax Fri, 25 Nov 2005 15:00:39 +0530 https://www.taxtmi.com/forum/issue?id=10