[aaykarbhavan] Query on Service Tax Interest Rate

Hi,

Someone may please reply, if possible:

Query 1

Assessee has taken registration on June 2013. His turnover comes to around Rs.15 Lacs only from June to Sep. 2013.

What is the Interest Rate applicable for him, as he is yet to pay the Service Tax Payment? [As his taxable service value is less than Rs.60 Lacs in the current financial year, can I proceed with 15% only (by availing concession of 3%].

Ans : ……………..

Thanks in advance for your replies.

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