https://www.taxtmi.com/article/detailed?id=5742 Interest on Service Tax was restructured by Budget 2014 into higher slabbed simple interest rates that apply to successive periods of delay. The author argues that interest must be apportioned by subperiods and charged at the rate in force during each segment of the delay, not by applying a post amendment rate retroactively to the entire delay period, and provides worked illustrations to demonstrate this method. en-us Mon, 21 Jul 2014 11:56:00 +0530 Mon, 21 Jul 2014 11:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=5742 Interest on Service Tax was restructured by Budget 2014 into higher slabbed simple interest rates that apply to successive periods of delay. The author argues that interest must be apportioned by subperiods and charged at the rate in force during each segment of the delay, not by applying a post amendment rate retroactively to the entire delay period, and provides worked illustrations to demonstrate this method. Articles Service Tax Mon, 21 Jul 2014 11:56:00 +0530 https://www.taxtmi.com/article/detailed?id=5742