[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)
NOTIFICATION
No. 13/2016-Service Tax
New Delhi, the 1st
March, 2016
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. 12/2014-Service Tax, dated
the 11th July, 2014, published in the Gazette of India, Extraordinary, vide
number G.S.R. 482 (E), dated the 11th July, 2014, except as respects things
done or omitted to be done before such supersession, the Central Government hereby,
for delayed payment of any amount as service tax in the situation mentioned in
column (2) of the Table below, fixes the rate of simple interest per annum
mentioned in the corresponding entry in the column (3) of the said Table:-
Serial Number |
Situation |
Rate of simple interest |
(1) |
(2) |
(3) |
1. |
Collection
of any amount as service tax but failing to pay the amount so collected to
the credit of the Central Government on or before the date on which such
payment becomes due. |
24 per cent. |
2. |
Other
than in situations covered under serial number 1 above |
15 per cent. |
2. This notification shall come into force on the
day the Finance Bill, 2016 receives the assent of the President.
[F.
No. 334/8/2016-TRU]
(K.
Kalimuthu)
Under
Secretary to the Government of India
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