banner_ad

Service tax on rent and interest

This query is : Resolved 
Profile Image

Profile Image

(Querist)
07 August 2014 Sir,
They registered as Accommadation in Inn,hotel etc
Profile Image

Annu Agarwal

Profile Image

Annu Agarwal (Expert)
07 August 2014 Rent received in ist qtr i.e. ending 30.06.2014 =5,00,000
Service tax to be paid by 05.07.2014 as per Rule 6 of Serviec tax Rules= 5,00,000*12.36%=61800
Interest to be paid under section 75=61800*15%*36/365=914/-
Penalty to be paid under section 76=higher of
(i) 100*36 days=3600 or
(ii) 1/100*61800*36/30=741.6
So Penalty comes out to Rs 3600

Amount to be paid on 10.08.2014=61800+914+3600=66314

Please mention as to under which service you are registered so that to avail abatememt.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details