Latest Expert Exchange Queries
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: ACCOUNTING STANDARDS :: empanelment :: cpt :: VAT Audit :: ARTICLES ON INPUT TAX CREDIT IN VAT :: TAX RATES - GOODS TAXABLE @ 4% :: VAT RATES :: list of goods taxed at 4% :: form 3cd :: ACCOUNTING STANDARD :: due date for vat payment :: articles on VAT and GST in India :: Central Excise rule to resale the machines to a new company :: TDS :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes
 
 
« Service Tax »
 GST implementation may increase expense ratio of fund houses
 GST structure: an unfortunate compromise
 Extension Of Provisional Attachment Under Service Tax Provisins
 How favourable will GST be for Karnataka?
 GST rate impact: Here’s how the new tax can carry a greater punch
 E-way Bill - movement of goods under GST
 How the GST rates will affect your money
 GST: The coming disruption in the wholesale trade
  Ways In Which GST Will Impact The Average Indian’s Wallet
 Goods done, GST Council seals tax rate on services
 Respite likely for businesses on e-way under GST

Seeks to notify the interest rate applicable in cases of delayed payment of service tax for the purposes of section 75 of the Finance Act, 1994.
July, 23rd 2014
[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II,
SECTION 3, SUB-SECTION (i)]

                                        Government of India
                                        Ministry of Finance
                                      (Department of Revenue)

                                                                       New Delhi, the 11th July, 2014

                                            Notification

                                     No. 12/2014 - Service Tax

        G.S.R.___ (E).- In exercise of the powers conferred by section 75 of the Finance Act,
1994 (32 of 1994) and in supersession of the notification No.26/2004-Service Tax, dated 10th
September, 2004, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section
(i) vide number G.S.R.601 (E),dated the 10th September,2004, except as respects things done or
omitted to be done before such supersession, the Central Government hereby, for the purpose of
the said section, fixes the following rates of simple interest per annum for delayed payment of
service tax , as given in table below :-




                                                   Table

Sl.No.        Period of delay                               Rate of simple interest
 (1)                (2)                                               (3)
1.        Up to six months          18 per cent.
2.        More than six months      18 per cent. for the first six months of delay and 24 per cent.
          and up to one year        for the delay beyond six months.
3.        More than one year        18 per cent. for the first six months of delay; 24 per cent. for
                                    the period beyond six months up to one year and 30 per cent.
                                    for any delay beyond one year.

2.       This notification shall come into force on the 1st day of October, 2014.

                                                                           [F. No. 334 /15/2014 -TRU]







                                                                                       (Akshay Joshi)
                                                           Under Secretary to the Government of India

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Article Management Solutions System Article Management Software S

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions