Service tax

This query is : Resolved

binita (Querist)
Follow

25 April 2011 Hi,

If there is dealy in Service tax pymt ,how the interest is calculated is it monthly or in days??
Sec 75 of the ST says it is in number of days.I referrd Singania .
PlZ reply ASAP

BALASUBRAMANYA B N

BALASUBRAMANYA B N (Expert)
Follow

25 April 2011 Service tax payments done qtr, For 1st Qtr July 5ht last, for 2nd Qtr its Oct 5th last for 3rd Qtr its Jan 5th last last Qtr pay by Apr 5th...
If you dont pay in july 5th then interest from there on still you remit will be calculated...

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
Follow

25 April 2011 Interest rate is 13% per annum to be calculated for the number of days delay in payment. The rate is enhanced to 18% from 1/4/2011.

Nayan Das

Nayan Das (Expert)
Follow

25 April 2011 I WILL AGREE WITH B.Chackrapani Warrier

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

RADHAKRISHNAN A R

madhuseshu yathirajam

Ashif Cheenikkal

SHRI HARIRAO

J.Vijai

Subscribe Now

Service tax

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Manager- Finance and Compliance

GST CONSULTANCY

Accountant

Senior Executive

CA Final

GST CONSULTANT