Non payment of interest of service tax
This query is : Resolved
20 May 2015
IF SERVICE TAX PAYMENT IS DUE SINCE JAN 2013 & EVEN RETURNS ARE NOT FILED FOR THE SAME.
CAN THERE BE WAY OUT TO PAY ONLY PRINCIPAL TAX & IGNORE INTEREST COMPONENT TILL ISSUANCE OF NOTICE BY DEPT AS TAX AMOUNT IS HUGE
TILL WHAT PERIOD INTEREST@ 30% WILL BE CHARGED ONLY TILL THE PAYMENT DATE OR ISSUANCE DATE OF NOTICE.
WHAT OTHER CONSEQUENCES WILL HAVE TO FACE ?
CAN THERE BE WAY OUT TO PAY ONLY PRINCIPAL TAX & IGNORE INTEREST COMPONENT TILL ISSUANCE OF NOTICE BY DEPT AS TAX AMOUNT IS HUGE
TILL WHAT PERIOD INTEREST@ 30% WILL BE CHARGED ONLY TILL THE PAYMENT DATE OR ISSUANCE DATE OF NOTICE.
WHAT OTHER CONSEQUENCES WILL HAVE TO FACE ?
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