Interest on delay in payment of service tax
This query is : Open
04 December 2015
Due amount of service tax is 18000 and interest is to be paid for period July 2010 to December 2015.Kindly let me know the amount of interest i have to deposit & whether interest amount can exceed service tax amount?
04 December 2015
Revise Rate of Return from 01.10.2014
Up to 6 Months =18% PA
> 6 Months to Year =24% PA
> 1 Year =30% PA
Interest amounts to Rs.20250/-
Up to 6 Months =18% PA
> 6 Months to Year =24% PA
> 1 Year =30% PA
Interest amounts to Rs.20250/-
04 December 2015
Can you explain this calculation?and what will be interest rate till 01.10.2014 as interest will be calculated from July 2010?
04 December 2015
Till Sept 2014 I have worked 18%. Oct to tlll date 30%
05 December 2015
But interest amount cannot exceed total ST payable amount.Am i right?
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
- About TDS & Income Tax
- Section 194JA & JB Income which ITR Form to use
- PPF interest-As Exempt Income disclosure
- Scrutiny and reopening of past returns
- Pass word to open justification report for Q1 for FY 2026-27
- Tax on Deemed Capital Gain
- Regarding ITR filing with more value than showing in AIS/TIS
- Booth for sales promotion
- F & O PROFIT REPORTING FOR AY 2026-27
- Type of Capital Gain
- Exiting partner in partnership firm in gst portal
- Taxability of credit in canara bank ET & T section (NRO)
- Consequences of Non-Deduction of TDS under Income Tax???????????????
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
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
