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....?
CA Kapil Verma
(Expert)
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
- Late Filing Fee Waiver for Q1 Form 144 (Earlier 27Q) – Transition to Income-tax Act, 2025
- GST input credit on commercial property
- GSTR-9C filing
- GST ITC as per notification 12/2023- central tax
- Urd purchase entry in tally prime
- IMS (import of goods) ITC related
- Applicability of tax on invoice
- Form 144 TDS Return Validation Error – Mandatory Fields
- Capital gains in IT returns
- TDS- 2026-27 Q1 Correction
- LLP audit and disclosure
- Subject: Legal Remedy for Removal of Income Tax Demand for AY 2024–25 – Charitable Trust
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
