delayed payment of service tax
This query is : Open
Querist : Anonymous
Querist :
Anonymous
(Querist)
25 March 2011
what is the rate of interest for the delay in payment of service tax??i have collected in the service tax in the second quarter but it is still not deposited. So, whether interest and penalty both will be attarced for the said delay?? or interest will do??Please reply me urgently....
25 March 2011
If you pay the interest before 31/3/2011, interest rate is 13% per annum to be calculated for the number of days delay.
From 1/4/2011 the interest rate is enhanced to 18% as per notification 15/2011 dated 1/3/2011.
From 1/4/2011 the interest rate is enhanced to 18% as per notification 15/2011 dated 1/3/2011.
Querist : Anonymous
Querist :
Anonymous
(Querist)
26 March 2011
that means if i deposit service tax for the 3rd quarter in the april month, interest will be calculated @ 18% p.a. for the period 6.1.11 to date of deposit??Please also reply that upto which date we can deposit the service tax amount for the F.Y. 10-11 even with interest??
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