Service Tax Rates and Interest on Delay Deposition

Rate of Service Tax

Sr. No.

Period Rate of Service Tax Rate of Edu. Cess

Rate of SHE Cess

1

From 01-06-2015

14% Nil

Nil

2

From 01-04-2012

12% 2% of S.T. 1% of S.T.
3

From 24.02.2009

10% 2% of S.T.

1% of S.T.

4

01.06.2007 to 23.02.2009

12% 2% of S.T.

1% of S.T.

5

18.04.2006 to 31.05.2007

12% 2% of the S.T.

Nil

6

10.09.2004 to 17.04.2006

10% 2% of the S.T.

Nil

7

14.05.2003 to 09.09.2004

8% Nil

Nil

8

From 01.06.1994 to 13.05.2003

5% Nil

Nil

 

Rate of Interest on Delay Deposition of Service Tax

Sr. No.

Period Rate of Interest

1

From 01-10-2014
a)       for the first 6 month
b)      for the next 6 month
c)      for delay beyond 12 month

@ 18% p.a.
@ 24% p.a.
@ 30% p.a.’

2

From 01.04.2011

18% per annum

3

From 10.09.2004 to 31.03.2011

13% per annum

4

11.05.2002 to 10.09.2004

15% per annum

5

11.05.2001 to 11.05.2002

24% per annum

6

From 01.06.1994 to 11.05.2001

1.5% per month

Note: In the case of a service provider, whose value of taxable services provided in a financial year does not exceed 60 lakh rupees during any of the financial years covered by the notice or during the last preceding financial year, as the case may be, such rate of interest, shall be reduced by 3% p.a.

 

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