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May 2011

Interest on delayed payment of service tax hiked to 18%. — Notification No. 14/2011, dated 1-3-2011.

By Tarun Ghia, Brijesh Cholera, Pratik Mehta, Hardik Shah Chartered Accountants
Reading Time 1 mins
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The interest rate on delayed payment of service tax has been increased from 13% to 18% p.a.

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