Intt on service tax late payment

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KANAV SINGH (Querist)
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19 November 2014 Dear Sir,
please help me in Intt Calculation of late payment on service tax

i have paid 51,912 service tax of Oct 2014 month on 7-11-2014.

How much intt i have to be paid if i paid intt today.

Urgent please reply.

CA Ravi Kumar Murugesh

CA Ravi Kumar Murugesh (Expert)
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19 November 2014 Calculation of days for interest depends on mode of payment whether it is through challan or online payment. (ofcourse e-payment is mandatory from 01.10.2014)
If payment is through challan, take the no.of days from 06.11.2014 to 07.11.2014- i.e, 2 days.
If payment is through online take one day.

As far as interest rate is concerned, it is 18% p.a. from 01.10.2014.
However, for small service providers (whose taxable service during any financial year did not exceed Rs.60 lakhs), then interest rate will be 15%.

You calculate interest accordingly and remit.

for further doubt, you may ask ca.ravikumarm@gmail.com

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KANAV SINGH

KANAV SINGH (Querist)
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19 November 2014 if i am paying intt on service tax today so i have to paid intt of 2 days only 6th & 7th nov 2014.

CA Ravi Kumar Murugesh

CA Ravi Kumar Murugesh (Expert)
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19 November 2014 If it was paid through online, you pay Rs.21 only towards interest.

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