https://www.taxtmi.com/forum/issue?id=109971 The discussion concludes that revised interest rates on service tax under the Finance Act operate prospectively from the date of enactment/assent and apply from each tax due date until payment is made; reduced rates affect outstanding dues going forward and future delays but do not retroactively reduce interest already accrued for delays that occurred before supersession, although administrative practice sometimes treats rate increases retrospectively. en-us Wed, 02 Mar 2016 18:18:38 +0530 Thu, 23 Jan 2025 15:56:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=109971 The discussion concludes that revised interest rates on service tax under the Finance Act operate prospectively from the date of enactment/assent and apply from each tax due date until payment is made; reduced rates affect outstanding dues going forward and future delays but do not retroactively reduce interest already accrued for delays that occurred before supersession, although administrative practice sometimes treats rate increases retrospectively. Discussion-Forum Service Tax Wed, 02 Mar 2016 18:18:38 +0530 https://www.taxtmi.com/forum/issue?id=109971