Service tax
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
12 June 2013
what is the interest rate for late payment of service tax....?
12 June 2013
18% per annuam and interest will be calculated on day basis.
suppose your st deposit date was 06.03.2013 and you have deposited is on 10.03.2013 then you will liable to pay interest for 4 days.
suppose your st deposit date was 06.03.2013 and you have deposited is on 10.03.2013 then you will liable to pay interest for 4 days.
Message likes :
1 times
12 June 2013
O.K
But in case of a service provider, whose value of taxable service provided in a financial
year does not exceed Rs. 60 lakh during the preceding financial year rate of
interest shall be reduced by 15% per annum.
Please see 2nd proviso to section 73B.
But in case of a service provider, whose value of taxable service provided in a financial
year does not exceed Rs. 60 lakh during the preceding financial year rate of
interest shall be reduced by 15% per annum.
Please see 2nd proviso to section 73B.
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- STCG....................................................
- Supply through E-commerce Operators
- Sales return eway bill
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- Relief u/s Section 89
- GST ON DAMAGED GOODS
- Suggestions required for income tax filing-software (FY 2025-26)
- GST Rate applicable for 0% Food Items sold by an Industrial Caterer
- Loan by Partnership Firm
- Taxation on LTCG for property sold after 24JUL2024
- TAN for Partnership
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
