TaxTMI 
TaxTMI 
TaxTMI 
Rate of interest on delay payment of Service Tax under Section 75 of the Finance Act, 1994
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....ate of interest on delay payment of Service Tax under Section 75 of the Finance Act, 1994<br> Query (Issue) Started By: - Sudhir Kumar Dated:- 25-8-2025 Last Reply Date:- 27-8-2025 Service Tax<br>Got ....
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....2 Replies<br>Service Tax<br>What was the rate of interest under section 75 of the Finance Act, 1994 on delay payment of Service Tax for the period 2002-03 to 20027-08? Please share the notification or....
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.... circular issued in this ragard. As the department has proposed demand of interest on delay payment of Service Tax @ 24% for the period 2002-03 to 2004-05 while from the website I find that the rate o....
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....f interest was just@15% only. Reply By KASTURI SETHI: The Reply: Rate of interest remained in force as per details given below : Section 75 of the Finance Act, 1994 (i) Up to 15.07.2001 1.5 % per....
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.... month (18%) or part thereof as per Section 75 (ii) 16.07.2001 to 15.08.2002 24% per annum Finance Act, 2001 Clause 137 (iii) 16.08.2002 to 09.9.2004 15% per annum Finance Act, 2002 Clause 149 (....
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....iv) 10.9.2004 to 31.03.2011 13% per annum Notification No. 26/2004-ST dated 10.9.2004 For Section 73B See Notification 8/2006-ST dated 19.04.2006 and 15/11-ST dated 1.3.11 (effective from 1.4.11) R....
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....eply By Sudhir Kumar: The Reply: Thanks Sir,<br> Discussion Forum - Knowledge Sharing ....