Delay payment of service tax
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
30 March 2015
Dear Sir/Madam
My brother is running one company. He exceeded the Income of 10L as well as he is collecting the Income tax from the person to whom he is providing services but as someone gave him wrong Information as he has to pay only in the assessment yr so he failed to pay the tax s well as he failed to file the Service Tax half yearly return.
He company incorporated on 1st April 2014 but he started earning on 11th June.
My questions are:
1- Does he has to pay Interest as well as Delay penalty?
2- I know the calculation of Interest but I don't know the Calculation of Penalty.
His service tax is coming from 11th June to 6th Sep =42552.99832
and
from 7th Sep to 6th Dec ST=49875.22028
From 7th Dec to till date ST =59941.72856
Please Reply me as soon as possible.
My brother is running one company. He exceeded the Income of 10L as well as he is collecting the Income tax from the person to whom he is providing services but as someone gave him wrong Information as he has to pay only in the assessment yr so he failed to pay the tax s well as he failed to file the Service Tax half yearly return.
He company incorporated on 1st April 2014 but he started earning on 11th June.
My questions are:
1- Does he has to pay Interest as well as Delay penalty?
2- I know the calculation of Interest but I don't know the Calculation of Penalty.
His service tax is coming from 11th June to 6th Sep =42552.99832
and
from 7th Sep to 6th Dec ST=49875.22028
From 7th Dec to till date ST =59941.72856
Please Reply me as soon as possible.
31 March 2015
1. Interest has to be paid voluntarily. Penalty need to pay only on demand,if any, from the department.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- STCG....................................................
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- Treatment of Pension ?annuity returns on PMVY
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- Sales return eway bill
- TAN for Partnership
- Free lancer income
- REGARDING GST LIABILITY/....
- CA IPCC Registeration in 2012, Is my registration Active or Expired
- GST ON DAMAGED GOODS
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
