Late Payment
This query is : Resolved
16 September 2010
Sir/Madam
What is the Due date for payment of Service Tax Payable as on 31st March?
Our client which is a Pvt. company paid the same with Service Tax payable for the month of April on 5/05/2010 but there is no penalty and interest for delayed payment in records and also there is no notice received from department in this regard.
Is it correct? Amount of liab. is Rs. 3400.
What is the Due date for payment of Service Tax Payable as on 31st March?
Our client which is a Pvt. company paid the same with Service Tax payable for the month of April on 5/05/2010 but there is no penalty and interest for delayed payment in records and also there is no notice received from department in this regard.
Is it correct? Amount of liab. is Rs. 3400.
16 September 2010
Normally service tax payment due date is every 5th of preceding month's payable. but March month due date is 31st March of the year only. Service Tax return due date is October 25th for April to September (1st Half yearly) and April 25th for October to March (2nd Half yearly).
Message likes :
1 times
16 September 2010
Due date for march is 31.03 only.
You have to pay interest @ 13% p. a. on number of days of delay from the due date.
Imposition of penalty under sections 76 and 78 of Finance Act, 1994 is not automatic
· · A discretion is conferred on the authorities not to impose the penalty which includes imposition of penalty less than what is prescribed under law, depending upon the reasonable cause to be shown for the failure to pay the penalty
HIGH COURT OF KARNATAKA
CCE
v.
Tiger Service Bureau
C.E.A. No. 71 of 2007
August 27, 2010
You have to pay interest @ 13% p. a. on number of days of delay from the due date.
Imposition of penalty under sections 76 and 78 of Finance Act, 1994 is not automatic
· · A discretion is conferred on the authorities not to impose the penalty which includes imposition of penalty less than what is prescribed under law, depending upon the reasonable cause to be shown for the failure to pay the penalty
HIGH COURT OF KARNATAKA
CCE
v.
Tiger Service Bureau
C.E.A. No. 71 of 2007
August 27, 2010
Message likes :
1 times
16 September 2010
Thankyou sir but will it attract Qualification? as no notice received by dept.
16 September 2010
If you are asking from the point of view of CARO then no qualification as there is demand outstanding or no order levying penalty has been passed. So no need to qualify.
Only the same will be disclosed in form 3CD under section 43B payments.
Only the same will be disclosed in form 3CD under section 43B payments.
Message likes :
1 times
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
- About TDS & Income Tax
- Section 194JA & JB Income which ITR Form to use
- Pass word to open justification report for Q1 for FY 2026-27
- PPF interest-As Exempt Income disclosure
- Under construction property in ITR
- Scrutiny and reopening of past returns
- Booth for sales promotion
- Upload Level ValidationITR3Category of Defect B/D
- Building tax payment deduction in rental Income
- F & O PROFIT REPORTING FOR AY 2026-27
- Difference in GSTR3B system generated which is correct and actual Payment it asks
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Taxation in the hands of Landowner under JDA
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
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
