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Discussion > Service Tax >

Delay in Service Tax Payment

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Accountant


[ Scorecard : 36]
Posted On 08 February 2008 at 19:25 Report Abuse

Due Date of paying service tax is 5th of every month Actually service tax was pd on 5/2/08 , but in stax form some challan number was not mentioned due to which bank did not processed the payment of service tax on 5th & actually got debited on 7th. of this month. Bank has acknowledged dated 7/2/08 in the challan.Ofcourse i know there is default in payment. Will there be any interest amt payable?? If No what should be the next procedure Kindly revert at the earliest.Rgds Ramesh iyer

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(Guest)
Posted On 09 February 2008 at 09:37

Ofcourse the interest to be paid. Because the date of acknowledgement date is 07.02.08. If the situation would have that acknowledgement date is 05.02.08, and amount debited on 07.02.08, then interest would not have payable because it is the part of default of bank.




(Guest)
Posted On 10 February 2008 at 20:47

wh will be the interest amt payable



M.Sriram Shenoy
CA Final


[ Scorecard : 794]
Posted On 11 February 2008 at 09:45

Interest amount payable would be 13% per annum to be calculated on service tax amount for the delay period.



Ravishankar
C.A


[ Scorecard : 454]
Posted On 11 February 2008 at 10:03

Service tax amt is 262129/- acknowledgement date 7/2/08. What will be the interest amt pyble.



(Guest)
Posted On 25 March 2008 at 12:59

To

Dear sir/Madam

service Tax due date for mar-08 payament is required

Regards

Ravi.




OFFICESELVA
Service


[ Scorecard : 512]
Posted On 26 March 2008 at 20:50

@ Ravishankar16  

The interest payable is Rs.187/-

The service tax due date for March 2008 is 31/03/2008




(Guest)
Posted On 28 March 2008 at 17:57

March 2008 service tax payment due date is 31-03-2008




(Guest)
Posted On 01 April 2008 at 17:24

we have deposited our service tax rs 1161164/- on 31-03-08. but the cheque has been return by our bank due to some reason . now same cheque will be represented to our bank on 02-04-08. so what will be the interst amount for the delayed payment . as the bank is taking new challn from us which dated 02-04-08.




OFFICESELVA
Service


[ Scorecard : 512]
Posted On 01 April 2008 at 21:16

Interest works out to be Rs.827/- if the interest is paid on 02/04/2008.



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