Service tax bill issued in march 2013
This query is : Open
28 April 2013
my question is, we have issued bill in march 2013 & got the cheque for the same but we have not yet paid service tax to the government for march month.... what is the date to sumbit the amount of service tax every month? & what is the interest rate if we paid late?
28 April 2013
For Individuals/ Partnership Firms Service Tax Deposited Quarterly using GAR7
Due Dates:
April-June------5th July
July-September----5th October
October-December------5th January
January-March------31st March.
In case of Companies Service Tax Deposited Monthly using GAR7.
For companies due date is 5th of Succeeding month (6th in case of e-payment). For the month of march due date is 31st March.
Due Dates:
April-June------5th July
July-September----5th October
October-December------5th January
January-March------31st March.
In case of Companies Service Tax Deposited Monthly using GAR7.
For companies due date is 5th of Succeeding month (6th in case of e-payment). For the month of march due date is 31st March.
28 April 2013
Interest under section 75 of the Service Tax Act
Section 75 of Service Tax Act vides notification No. 14/2011-Service Tax dt. 01.03.2011 and 15/2011-Service Tax dt. 01.03.2011 in which also the rate of interest is increased to 18% p.a.
“Provided that in the case of a service provider, whose value of taxable services provided in a financial year does not exceed sixty lakh rupees during any of the financial years covered by the notice issued under sub-section (3) of section 73A or during the last preceding financial year, as the case may be, such rate of interest shall be reduced by three percent per annum.”
Section 75 of Service Tax Act vides notification No. 14/2011-Service Tax dt. 01.03.2011 and 15/2011-Service Tax dt. 01.03.2011 in which also the rate of interest is increased to 18% p.a.
“Provided that in the case of a service provider, whose value of taxable services provided in a financial year does not exceed sixty lakh rupees during any of the financial years covered by the notice issued under sub-section (3) of section 73A or during the last preceding financial year, as the case may be, such rate of interest shall be reduced by three percent per annum.”
Message likes :
1 times
03 May 2013
Thanks but the turnover is below 60lacs
suppose taxable liability is 10,000
10,000 X 15%/100 = 1,500
1,500 /365 days X no of days which delayed.
the above calculation is right sir?
suppose taxable liability is 10,000
10,000 X 15%/100 = 1,500
1,500 /365 days X no of days which delayed.
the above calculation is right sir?
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
- ITR -1 Filing
- TWO FIRM NAME IN ONE GST NUMBER
- Section 54 f disallowed will be taxed at what rate
- Transportation of Petrol, Diesel by GTA and Other than GTA
- Transfer of rectification rights to ao
- Which ITR application
- Transfer of Rectification Rights to the Jurisdictional Assessing Officer
- Form 16 Issues
- IGST Refund pending since June 2022.
- Eway issued more than one
- SALES MADE THROUGH E COMMERCE OPERATOR 9(5)
- Igst utilisation query
- Section 12A(1)AC
- Interest will be paid
- CHANGE IN PARTICULARS OF DIRECTOR
- Non- payment of GST on supply of services- reg
- Accumulated surplus exceeding 15%
- Different GST Number MEESHO
- Fees amount transfer procedure for two doctors
- Notice u/s 148 of IT Act
Trending Online Classes
CAclubindia
