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Not paid S.tax for recd. on March-10

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Querist : Anonymous

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Querist : Anonymous (Querist)
13 December 2010 Dear Experts,

Please give me answer--- actually i have recd. fund on march-10 but i cant paid s.tax on recd. fund from party.

I want paid s.tax on dec-10, what is the impact for such transaction.

and s.tax to be paid with interest/penalty
in which percentage % ???

Please give me answer asap.

With Thanks
Regards

RR Dixit
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Suresh Ramaswamy

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Suresh Ramaswamy (Expert)
16 December 2010 Service Tax is to be paid along with interest @ 13% per annum calculated on the number of days delay.

If service tax is X and the number of days delay is Y then the interest payable is
((X*13%)/365)*Y.

Show cause notice for penalty may be issued by the Range Superintendent.
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