For tax , penalty & interest calculation
This query is : Resolved
02 June 2016
SIR,
MY SERVICE TAX IS DUE WHICH IS I HAD NOW DEPOSIT FOR THE PERIOD 2015-16
AND I DO NOT CALCULATE THE TAX AMOUNT , INTEREST, PENALTY AND LATE FEE SO PLEASE HELP THE DETAILS ARE -
01-04-2015 TO 30-06-2015- GROSS AMOUNT IS - 298016.94
01-07-2015 TO 30-09-2015- GROSS AMOUNT IS - 174005.69
01-10-2015 TO 31-12-2015- GROSS AMOUNT IS - 219255.00
01-01-2016 TO 31-03-2016- GROSS AMOUNT IS - 329405.00
SIR PLEASE HELP ITS MY SECOND EMAIL
THANKING YOU
MUKESH SHARMA
MY SERVICE TAX IS DUE WHICH IS I HAD NOW DEPOSIT FOR THE PERIOD 2015-16
AND I DO NOT CALCULATE THE TAX AMOUNT , INTEREST, PENALTY AND LATE FEE SO PLEASE HELP THE DETAILS ARE -
01-04-2015 TO 30-06-2015- GROSS AMOUNT IS - 298016.94
01-07-2015 TO 30-09-2015- GROSS AMOUNT IS - 174005.69
01-10-2015 TO 31-12-2015- GROSS AMOUNT IS - 219255.00
01-01-2016 TO 31-03-2016- GROSS AMOUNT IS - 329405.00
SIR PLEASE HELP ITS MY SECOND EMAIL
THANKING YOU
MUKESH SHARMA
02 June 2016
what service you are providing ?
02 June 2016
To calculate the tax liability and interest, it is essential to know what was the category of service provided e.g advertising, business support, renting of immovable property, rent-a-cab, etc. Certain services are entitled to abatement and tax is not payable on the whole amount billed.
During 215-16 on two occasions the tax rate was enhanced, and hence details are required accordingly. For the period April to June 2015, the billing amount of June 2015 is required since from 1st June 2015, the rate of service tax was raised to 14% from 12.36%.
Similarly in the third quarter October to December 2015, billing upto 14th November 2015 from Ist October is required since from 15th November 2015, Swatch Bharat Cess of 0.5% was levied.
In the absence of the above details the correct liability cannot be calculated.
During 215-16 on two occasions the tax rate was enhanced, and hence details are required accordingly. For the period April to June 2015, the billing amount of June 2015 is required since from 1st June 2015, the rate of service tax was raised to 14% from 12.36%.
Similarly in the third quarter October to December 2015, billing upto 14th November 2015 from Ist October is required since from 15th November 2015, Swatch Bharat Cess of 0.5% was levied.
In the absence of the above details the correct liability cannot be calculated.
02 June 2016
To calculate the tax liability and interest, it is essential to know what was the category of service provided e.g advertising, business support, renting of immovable property, rent-a-cab, etc. Certain services are entitled to abatement and tax is not payable on the whole amount billed.
During 215-16 on two occasions the tax rate was enhanced, and hence details are required accordingly. For the period April to June 2015, the billing amount of June 2015 is required since from 1st June 2015, the rate of service tax was raised to 14% from 12.36%.
Similarly in the third quarter October to December 2015, billing upto 14th November 2015 from Ist October is required since from 15th November 2015, Swatch Bharat Cess of 0.5% was levied.
In the absence of the above details the correct liability cannot be calculated.
During 215-16 on two occasions the tax rate was enhanced, and hence details are required accordingly. For the period April to June 2015, the billing amount of June 2015 is required since from 1st June 2015, the rate of service tax was raised to 14% from 12.36%.
Similarly in the third quarter October to December 2015, billing upto 14th November 2015 from Ist October is required since from 15th November 2015, Swatch Bharat Cess of 0.5% was levied.
In the absence of the above details the correct liability cannot be calculated.
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
- Capital gain from sale of house property
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- TDS on Purchase of Immovable Property by NRI from NRI
- Copyright software
- When TDS on GST applied
- Before GSTAT- APL-02 Vs APL-04
- Annual return in Gst
- Regarding TDS Applicability For Director Remuneration
- Multiple trade mark
- GST Treatment of Insurance Commission for Existing GST Holder
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
