https://www.taxtmi.com/forum/issue?id=4912 Statutory interest on delayed service tax is mandatory and non-waivable even for incorrect interpretation or ignorance of law; interest accrues automatically on unpaid tax. Administrative authorities may reduce interest in suitable cases, but outright waiver is not available. Penalties, however, can be reduced or waived under applicable mitigation or remission mechanisms. en-us Tue, 06 Nov 2012 21:26:52 +0530 Thu, 23 Jan 2025 15:57:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=4912 Statutory interest on delayed service tax is mandatory and non-waivable even for incorrect interpretation or ignorance of law; interest accrues automatically on unpaid tax. Administrative authorities may reduce interest in suitable cases, but outright waiver is not available. Penalties, however, can be reduced or waived under applicable mitigation or remission mechanisms. Discussion-Forum Service Tax Tue, 06 Nov 2012 21:26:52 +0530 https://www.taxtmi.com/forum/issue?id=4912