10.1          Any amount collected by a person as service tax from any other person, who is not chargeable in terms of services tax, such amount is required to be deposited with the Central Government.  In other words no amount collected as service tax could be retained by person who has collected such amount. Any delay in depositing such amount attracts simple interest at rate prescribed under section 73 B of the Act. At present the rate of interest is 13% per annum (notification No. 8/2006-ST, dated 19.4.2006).