Interest and penalty
Querist : Anonymous
is there any interest or penalty for late service tax payment of mar-13 ??
if yes !!
so please mention the rate or amount ??
Lees than 60lakhs - int 15%pa.only simple interest
penalty -In addition to the service tax and interest, penalty not less than Rs.100/- for every day during which failure continues, or @ 1% of such tax per month, whichever is higher but shall not exceed 50% of service tax due.
Querist : Anonymous
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