e-Payment of service tax for every assessee now made mandatory.
Service tax is applicable on Radio Taxis.
Under reverse charge service tax is to be paid within 3 months of invoice or date of payment whichever is earlier.
Delay in payments attract simple interest @18% p.a. on day basis (@24% p.a. if delay is more than 6 months and @30% p.a. if delay more than 1 year). 3% p.a. interest waived for small service providers.