How do calculate Service tax Penalty
This query is : Open
20 January 2010
Dear sir
we have one small doubt, we aren't paid service tax for last Ten months, Now we need impormation how do calculate service tax penalty.pls give detail.
we have one small doubt, we aren't paid service tax for last Ten months, Now we need impormation how do calculate service tax penalty.pls give detail.
CMA Ramesh Krishnan
(Expert)
20 January 2010
You need to calculate the Interest of 13% per annum and Penalty of Rs.200 per day during the such delay continues or 2% of such tax per month which ever is higher
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Vipin Kumar
(Expert)
25 May 2011
ST Received Reciept Dat Due Date
07725 12/10/2010 05/11/2010
07725 25/11/2010 05/12/2010
08549 05/12/2010 05/01/2011
13493 03/02/2011 05/03/2011
15141 04/03/2011 31/03/2011
in above case what will be the penalty????
07725 12/10/2010 05/11/2010
07725 25/11/2010 05/12/2010
08549 05/12/2010 05/01/2011
13493 03/02/2011 05/03/2011
15141 04/03/2011 31/03/2011
in above case what will be the penalty????
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