https://www.taxtmi.com/notifications?id=118840 Prescribes rates of simple interest for delayed payment of service tax under section 75 of the Finance Act, 1994, superseding the 2014 notification. It distinguishes between amounts collected as service tax but not paid by the due date and other delayed payments, fixing a higher simple interest rate for the collected-but-unpaid situation and a lower rate for other delays. The notification becomes effective upon assent to the Finance Bill, 2016, and applies prospectively except as to past actions. en-us Tue, 01 Mar 2016 00:00:00 +0530 Tue, 02 Aug 2016 17:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=118840 Prescribes rates of simple interest for delayed payment of service tax under section 75 of the Finance Act, 1994, superseding the 2014 notification. It distinguishes between amounts collected as service tax but not paid by the due date and other delayed payments, fixing a higher simple interest rate for the collected-but-unpaid situation and a lower rate for other delays. The notification becomes effective upon assent to the Finance Bill, 2016, and applies prospectively except as to past actions. Notifications Service Tax Tue, 01 Mar 2016 00:00:00 +0530 https://www.taxtmi.com/notifications?id=118840