https://www.taxtmi.com/forum/issue?id=3171 Interest on delayed service tax comprises an increased general interest rate introduced in 2011 with a concessional lower rate for small service providers; penalty for non-payment is levied as either a fixed daily amount or a percentage of tax per month, charged from the first day after the due date until payment and subject to an overall cap, and some commentators indicate penalties may require adjudication before demand. en-us Wed, 13 Jul 2011 11:36:43 +0530 Thu, 23 Jan 2025 15:58:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=3171 Interest on delayed service tax comprises an increased general interest rate introduced in 2011 with a concessional lower rate for small service providers; penalty for non-payment is levied as either a fixed daily amount or a percentage of tax per month, charged from the first day after the due date until payment and subject to an overall cap, and some commentators indicate penalties may require adjudication before demand. Discussion-Forum Service Tax Wed, 13 Jul 2011 11:36:43 +0530 https://www.taxtmi.com/forum/issue?id=3171