Interest Rate of Service Tax in case of Turnover Below 60 Lakhs

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....nterest Rate of Service Tax in case of Turnover Below 60 Lakhs<br> Query (Issue) Started By: - Mehul Pandya Dated:- 19-5-2015 Last Reply Date:- 21-5-2015 Service Tax<br>Got 2 Replies<br>Service Tax<br....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....>Sir, From 01.10.2014 Interest Rate for has been revised as 18%,24% & 30% as per delayed period. My query is if I have turnover below 60 Lakhs, can I pay Service Tax Interest @ 15%,21% & 27% respect....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ively calculating 3% concession ?? Reply By CS SANJAY MALHOTRA: The Reply: Concessional Rate of Interest @3% on Service Tax Liability is available to SSI unit if Turnover is below &#8377; 60 Lacs. T....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....he said benefit is available in each slab or else the purpose of concessions stands defeated. Reply By YAGAY AND SUN: The Reply: Dear Mehul, It&#39;s gonna be 15% after taking in to the account of....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... concession 3% otherwise it would be 18% for the service providers whose turnover is more than of &#8377; 60 Lakhs. Regards, YAGAY & SUN (Management, Business & Indirect Tax Consultants)<br> Discus....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....sion Forum - Knowledge Sharing ....