Interest on service tax
This query is : Resolved
13 February 2013
what is the effect of intrest on service tax in case of a firm??
13 February 2013
18% per anum rate of interest if you have to pay service tax delay.
13 February 2013
hi...
18% per year rate of interest in any case, but ternover below 60 lacs than rate of interest is 15% per year in any case...
18% per year rate of interest in any case, but ternover below 60 lacs than rate of interest is 15% per year in any case...
13 February 2013
Dear Pravin,
Give me the notification or circular regarding rate of interest 15%. The rate of interest has been revised to 18% in place of 13% vide amending notification no. 14/2011-S.T. dated 01.03.2011 w.e.f. 01.04.2011.
Give me the notification or circular regarding rate of interest 15%. The rate of interest has been revised to 18% in place of 13% vide amending notification no. 14/2011-S.T. dated 01.03.2011 w.e.f. 01.04.2011.
13 February 2013
sir but actually i want to know the effect of intrest on service tax in balance sheet..
13 February 2013
it will be in debit side of P/L if you paid interest on service tax.
in balance sheet your bank balance will be reduced.
in balance sheet your bank balance will be reduced.
13 February 2013
soit would be treated as our expense..
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
- TDS on Purchase of Immovable Property by NRI from NRI
- Capital gain from sale of house property
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- Value of property in capital gain
- SFT Cash Deposit in Current Account
- Regarding TDS Applicability For Director Remuneration
- Copyright software
- Multiple trade mark
- When TDS on GST applied
- E-Invoice applicability for new Startup
- Filing of MSME 1 form by companies
- Opting our of sec 44AD
- GST Treatment of Insurance Commission for Existing GST Holder
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
