08 June 2016
hi I have forget to pay service tax on 5 th June of may month, kindly advice what would be the let penalty need to pay.
regards
pawan shah
08 June 2016
Calculate interest @24% per annum on the tax and SBC due divide by 365 days and multiply by number of days delay including the date of payment i.e. say tax of 14000 and SBC 500 has to be paid on 10th June 2016, the interest will be calculated as follows:
[(14500 x 24%)/365] x 5 days delay = Rs.47.67 or say Rs.48/-..
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