TaxTMI 
TaxTMI 
Is it any rule or condition of Waiver of interest
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....s it any rule or condition of Waiver of interest<br> Query (Issue) Started By: - RAM NAUDIYAL Dated:- 6-11-2012 Last Reply Date:- 9-11-2012 Service Tax<br>Got 3 Replies<br>Service Tax<br>Dear Experts,....
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.... Pl tell any rule or condition in which we can waive our interest for wrong interpetion of any rule or ingnorance of law. Thanks Reply By Pradeep Khatri: The Reply: Interest is statutorily payable....
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...., it can't be waived off. Though, it may be reduced. Reply By NEERAJ KUMAR, RANCHI: The Reply: No there is not any such rule, interest is automatic and if tax/duty has not been paid in time, interes....
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....t has to be paid. Reply By Seetharaman K C: The Reply: Interest cannot be waived and is therefore payable. It is only penalties which can be reduced or waived<br> Discussion Forum - Knowledge Sharin....
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