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
- Difference between Date of Payment and Date of Deduction?
- Tax Audit Applicability – Newly Formed Partnership Firm with Profit Below 6%/8%
- Unregistered suppliers utility
- ITDS U/S.194T of Firm
- Bank details not Visible on Traces Portal
- URGENT-Eligible leaves being shown as 24 days for 3 years Articleship instead of 156 days in 108
- Cash balance limit and property purchases limit
- TDS ON EMAIL DOMAIN SERVICE BILL
- Non-Compliance documents have not been submitted by the contractors debited
- EXPORT COMMERCIAL INVOICE HSN CODE
- NRI starting business in India
- 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
- Mistake in e-invoice identified after 24 hours
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
