Not paid S.tax for recd. on March-10
This query is : Resolved
Querist : Anonymous
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
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
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.
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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