https://www.taxtmi.com/caselaws?id=252341 The Revenue appealed against a lower interest amount confirmed by the Commissioner of Service Tax, Mumbai, for delayed service tax payments by a corporation. The Tribunal held that interest must be calculated from the due date to the actual payment date, emphasizing that having CENVAT credit available does not negate interest liability if the tax is paid late. The appeal was allowed, setting aside the lower interest amount and holding the respondent liable to pay interest for the respective delay periods. The judgment underscores the importance of timely tax payments and the computation of interest based on actual payment dates. en-us Wed, 20 Aug 2014 00:00:00 +0530 Tue, 30 Jun 2015 15:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=252341 The Revenue appealed against a lower interest amount confirmed by the Commissioner of Service Tax, Mumbai, for delayed service tax payments by a corporation. The Tribunal held that interest must be calculated from the due date to the actual payment date, emphasizing that having CENVAT credit available does not negate interest liability if the tax is paid late. The appeal was allowed, setting aside the lower interest amount and holding the respondent liable to pay interest for the respective delay periods. The judgment underscores the importance of timely tax payments and the computation of interest based on actual payment dates. Case-Laws Service Tax Wed, 20 Aug 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=252341