Quarterly payments & returns

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Chiranjiv Naik (Querist)

27 November 2014 If a labour contractor collect monthly service tax @ 3.09 % (& balance is paid by service receiver). from june 2013 and dosent paid service tax payment & not filled his half yearly returns till date.
1.What is penalty for non payments of service tax till 27.11.2014 ?? (june 2013)

2.What are the penalties for non filling of service tax returns till 27.11.2014.(from june 2013) ??

CA Kumar Mukesh

CA Kumar Mukesh (Expert)

28 November 2014 Defaulter Assessee has liable for penalties for both delay in making tax payment and filling of Return

under Section 75 interest @ 18% (15% in case of Taxable services are less than 60 lacs in previous year)

under section 76 delay in making tax payment
Higher of
100 per day
or
1% of taxes
Subject to limited to Liability

Under rule 7 delay in making service tax return
upto 15 days 500/-
upto 30 days 1,000
for more than 30 days 1000+100 per day
subject to maximum 20,000/-

Chiranjiv Naik

Chiranjiv Naik (Querist)

29 November 2014 okk i got my answer thank you very much

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