https://www.taxtmi.com/forum/issue?id=110329 Two distinct simple interest rates apply to delayed service tax: a higher rate where tax has been collected but not remitted, and a lower rate for other delayed payments. The notification supersedes the earlier notification on interest rates and takes effect only from the date the Finance Bill, 2016 is enacted, leaving the prior rates operative until that enactment; it does not affect actions completed before its supersession. en-us Tue, 10 May 2016 12:21:46 +0530 Thu, 23 Jan 2025 15:56:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=110329 Two distinct simple interest rates apply to delayed service tax: a higher rate where tax has been collected but not remitted, and a lower rate for other delayed payments. The notification supersedes the earlier notification on interest rates and takes effect only from the date the Finance Bill, 2016 is enacted, leaving the prior rates operative until that enactment; it does not affect actions completed before its supersession. Discussion-Forum Service Tax Tue, 10 May 2016 12:21:46 +0530 https://www.taxtmi.com/forum/issue?id=110329