Delay in payment of service tax challan (Service Tax)

This query is : Resolved

Author : Anonymous

( Author )
16 July 2012

sir/madam,
what are the current penalty provisions of delay in payment of service tax challan?

neeraj

( Expert )
16 July 2012

intt @18% p.a. to be calculated day wise from due date of payment to date of payment

CFA Bharath Kumar

pay interest 18% P A from date of due date

RENGARAJ R.K

If your service tax taxable turnover is less than 60 lacs in the previous year, the rate of interest is 15% per annum.

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