Court Deems 24% Interest on Delayed Service Tax Payments Unlawful Due to Lack of Specific Collection in Invoices.

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....Rate of interest on delayed payment of service tax - The respondents have quantified interest 24% per annum on the basis of Notification dated 01.03.2016 presuming that the petitioner has specifically collected some amount as service tax and still not deposited with Central Government, whereas the petitioner, in the invoices issued during the period in question did not collect any amount specifically mentioning it as service tax. - The action of the respondents to charge interest @ 24% is arbitrary and not sustainable in the eyes of law - HC....