https://www.taxtmi.com/caselaws?id=407285 The High Court modified the order by ruling that the interest should be charged at 15% instead of 24% as determined by the respondents. This decision was based on the petitioner's claim that they did not collect tax from service recipients, making the 24% interest rate arbitrary. The court referred to Notification No.13/2016-ST dated 01.03.2016, which specified different interest rates based on tax collection scenarios. Consequently, the final service tax liability was set at Rs. 55,70,843 with interest calculated at 15% instead of the initially proposed 24%. en-us Thu, 22 Apr 2021 00:00:00 +0530 Tue, 08 Mar 2022 14:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=407285 The High Court modified the order by ruling that the interest should be charged at 15% instead of 24% as determined by the respondents. This decision was based on the petitioner's claim that they did not collect tax from service recipients, making the 24% interest rate arbitrary. The court referred to Notification No.13/2016-ST dated 01.03.2016, which specified different interest rates based on tax collection scenarios. Consequently, the final service tax liability was set at Rs. 55,70,843 with interest calculated at 15% instead of the initially proposed 24%. Case-Laws Service Tax Thu, 22 Apr 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=407285