https://www.taxtmi.com/forum/issue?id=111120 Director failed to deposit service tax on time for rent receipt billed inclusive of tax; late filing attracts a daily penalty. Expert responses indicate applicable interest on late payment either as a flat 24% per annum or a tiered schedule: 18% per annum up to six months, 24% per annum for six months to one year, and 30% per annum for delays beyond one year. en-us Sun, 13 Nov 2016 22:20:52 +0530 Thu, 23 Jan 2025 15:56:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=111120 Director failed to deposit service tax on time for rent receipt billed inclusive of tax; late filing attracts a daily penalty. Expert responses indicate applicable interest on late payment either as a flat 24% per annum or a tiered schedule: 18% per annum up to six months, 24% per annum for six months to one year, and 30% per annum for delays beyond one year. Discussion-Forum Service Tax Sun, 13 Nov 2016 22:20:52 +0530 https://www.taxtmi.com/forum/issue?id=111120