Interest for late payment
This query is : Resolved
17 January 2015
for a proprietorship firm how interest for delay in payment of service tax is computed for the 3rd qtr 2014 against november month collection.whether 3% interest is levied(1.5% p.m. for 2 months) or otherwise on 18th january?
17 January 2015
Only Company assessee requires to pay service tax on monthly basis. Other assessee requires to pay quarterly basis.
There is no 2 months delay in your case.
You are required to pay interest for late payment of service tax on number of days basis.
If you are small service provider then interest will be 15% otherwise 18% for delay payment up to 6 months.
There is no 2 months delay in your case.
You are required to pay interest for late payment of service tax on number of days basis.
If you are small service provider then interest will be 15% otherwise 18% for delay payment up to 6 months.
17 January 2015
THANKS FOR YOUR GUIDANCE.
Message likes :
1 times
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 BASE ON NOTIFICATION
- NRI starting business in India
- ITDS U/S.194T of Firm
- Unregistered suppliers utility
- Non-Compliance documents have not been submitted by the contractors debited
- EXPORT COMMERCIAL INVOICE HSN CODE
- Resigning a auditor from the company for misconduct
- Capital gain on sale and purchase of plot
- URGENT-Eligible leaves being shown as 24 days for 3 years Articleship instead of 156 days in 108
- FCRA 6 E- Intimation
- Taxable or Tax exempt
- How to pay remaining amount of TDS after due date?
- 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
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
