09 August 2015
Dear Sir, Service Tax payable for the 2nd half yearly return of fy 2014-15 is only Rs. 3280/-. Please clarify how much late fee that assessee has to paid if he files his return on 12/07/2015. Whether the late fee can exceed the tax amount?
11 August 2015
The interest can be exceed from basic duty if it will not paid on time. Within 6 month interest can be imposed 18% and after another 6 month 24% and after one year 30%.
Querist :
Anonymous
Querist :
Anonymous
(Querist)
11 August 2015
Sir, I am asking about late fee not the interest