Quarterly payments & returns
This query is : Open
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) ??
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) ??
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/-
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/-
29 November 2014
okk i got my answer thank you very much
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