Service tax
This query is : Resolved
07 September 2013
Pls mail about following queries:-
1)Service Tax exemption turnover
2)S.Tax calculating method
3)S.Tax interest rate,Return due dates and late penalty amount
1)Service Tax exemption turnover
2)S.Tax calculating method
3)S.Tax interest rate,Return due dates and late penalty amount
07 September 2013
1. Basic exemption limit for service tax is Rs.10 lakhs ( Service under RCM & brand names not covered under exemption)
2.normal tax rate is 12.36 on gross value of services provided unless the services comes under any abatement scheme
3. Interest rate on delay payment is 15% if your turnover below Rs.60 lakhs otherwise 18% & normal return is half year due date is Apr-Sep is 25th October & Oct- Mar is 25th April
Late filling penalty - late up to 15 days is Rs.500, 15days to 30 days - Rs.1000 & beyond 30 days Rs.1000 plus Rs.100 per day from 31st day subject to maximum of Rs.20000
2.normal tax rate is 12.36 on gross value of services provided unless the services comes under any abatement scheme
3. Interest rate on delay payment is 15% if your turnover below Rs.60 lakhs otherwise 18% & normal return is half year due date is Apr-Sep is 25th October & Oct- Mar is 25th April
Late filling penalty - late up to 15 days is Rs.500, 15days to 30 days - Rs.1000 & beyond 30 days Rs.1000 plus Rs.100 per day from 31st day subject to maximum of Rs.20000
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
- Fixe term employment
- Is any professional CA is here please reply
- EXPORT BILL UNDER LUT FREIGHT CHARGE INCLUED IN INVOICE IT LIABLE TO TAX
- Putting a heading on received mail
- Gift Received from nonblood relative
- Reprocessing of rectification order AY 2025-26
- FTS Taxable under 115A
- Foreign lottery ticket bought online from India: legality, tax and consequences
- Experts need help
- Section 50-fixed asset-->building ceases to exist
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
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
