Interest & penalty for delay in payment & reurn filing.
This query is : Resolved
11 April 2012
Dear Sir
Till Date we have not deposited the service tax from March2010 due to fund crisis & not filed the return from the period Oct-March2010 to till date
Pls advice me if me what interest & penaltiy will be payable if I pay the srvice in April 2012 & also file the return in april 2012 for March 2010.
Rgds
Deepak
Till Date we have not deposited the service tax from March2010 due to fund crisis & not filed the return from the period Oct-March2010 to till date
Pls advice me if me what interest & penaltiy will be payable if I pay the srvice in April 2012 & also file the return in april 2012 for March 2010.
Rgds
Deepak
11 April 2012
Interest @18% p.a. and also a penalty of Rs. 100 per day or 1% p.m subject to a maximum of 50% of service tax liability will be imposed.
11 April 2012
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