Late payment of st

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Querist : Anonymous

Querist : Anonymous (Querist)

07 August 2014 Dear Experts,

I made E-Payment of Service Tax Liability for the month of July'2014 on 6th of August at around 10:15PM,
now the query is does it attracts any interest???? If yes, how should I pay the interest???? I have already made the E-Payment of Whole liability.

Thanks.

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)

07 August 2014 Yes Interest need to be paid for 1 day delay since payment should have been made within 8 pm on 6th August.

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Querist : Anonymous

Querist : Anonymous (Querist)

07 August 2014 Sir,
My total Service Tax liability was Rs.9526 only.

My Interest will be Rs.3.91 [(9526*1/365)*15%]

So in this case how should I make the payment of Interest.

Thanks

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)

07 August 2014 Leave it. No need to pay any interest then. Cost of printing of challan will be more than the Interest amount.

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Querist : Anonymous

Querist : Anonymous (Querist)

07 August 2014 Will it create any problem in future?????????

Thanks for your reply sir............

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)

07 August 2014 No it will not create any problem.

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Querist : Anonymous