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SERVICE TAX PAYMENT

This query is : Resolved 
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(Querist)
28 December 2010 DEAR SIR(S),
I WANT TO PAY SERVICE TAX FOR THE FIRST QUARTER i.e.APRIL-JUNE, 2010 - RS.3000 AND FOR THE SECOND QUARTER JULY-SEPT.,2010 - RS. 6000.
HOW MANY INTEREST / PENALTY I SHOULD PAY ?. PLS GUIDE ME WITH CALCULATION.
THE ASSESSEE IS AN INDIVIDUAL CONCERN WITH PROPRIETORSHIP FIRM AND HAVING REGISTRATION OF 'REPAIR OR MAINTENANCE SERVICE'
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Suresh Ramaswamy

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Suresh Ramaswamy (Expert)
29 December 2010 In case of non-corporate assessees, the due date for payment of service tax is the 5th of the subsequent month following the quarter, i.e. for April - June 2010 the due date is 5th July 2010 and for the July - September 2010 is 5th October 2010.

Interest has to be paid @ 13% per annum on the delayed period. The calculation would be as under:
((Service Tax x 13%)/365)x No.of days delay.

The Department retains the right to levy a penalty of Rs.200 per day of delay or 2% per month whichever is higher subject to the maximum claim equal to the service tax payable.
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