delayed payment of service tax
This query is : Resolved
16 January 2009
we have paid the service tax for the period of Dec 07 to July 08 on 1/08/08. what will be our penalty
16 January 2009
For detailed answer, please send the detail:
Name of service
Amount of tax
reason for late payment
arbindaggarwal@yahoo.com
Name of service
Amount of tax
reason for late payment
arbindaggarwal@yahoo.com
17 January 2009
service is for Manpower recruitment, amt is near about Rs 20000/- which we have paid including intt.
Reason was that our previous accountant doesn't know about the payment dates and at the time of payment we didnt knw that late payment for even single day attracts penalty.
Reason was that our previous accountant doesn't know about the payment dates and at the time of payment we didnt knw that late payment for even single day attracts penalty.
19 January 2009
If u are covered under the quarterly payment scheme ( if u are an Individual, partnership firm or proprietary firm etc.)
Then tax is payable on the 5th of following quarter.
Interest is mendatory.Penalty @ 200/- per day is also mendatory.
It seems u are covered under quarterly payment scheme, therefore payments received in Dec. pay by 5th Jan for Jan to March - pay by 5th April and for Aprl to June pay by 5th Aug.
Then tax is payable on the 5th of following quarter.
Interest is mendatory.Penalty @ 200/- per day is also mendatory.
It seems u are covered under quarterly payment scheme, therefore payments received in Dec. pay by 5th Jan for Jan to March - pay by 5th April and for Aprl to June pay by 5th Aug.
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
- TDS CREDIT MISMATCHING
- Buy back of shares u/s69
- Tax Audit Applicability – Newly Formed Partnership Firm with Profit Below 6%/8%
- Difference between Date of Payment and Date of Deduction?
- Unregistered suppliers utility
- ITDS U/S.194T of Firm
- EXPORT COMMERCIAL INVOICE HSN CODE
- GST Rate for Catering Services
- LIC maturity claim whether taxable
- TDS AND ITR ISSUE
- Non-Compliance documents have not been submitted by the contractors debited
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
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
