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Service Tax Payment

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29 October 2010 Our client require to pay service tax quarterly, liability for april -june qtr is 4.5 lacs and he has paid 4.00 lacs on 5th july , liab for july-sep qtr is 3.5 lacs and he has paid 4.00 lacs , what will be the interest and penalty? , we are under audit of service tax currently
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CA.Hanumantha Reddy

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CA.Hanumantha Reddy (Expert)
29 October 2010 Pay the interest @13% p.a till the date of payment of service tax (i.e till Oct 4 if you have paid the st on Oct 5 for second qtr) and penalty 200 per day or 2@ per month w.e.h till the date of payment.
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CA.Hanumantha Reddy

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CA.Hanumantha Reddy (Expert)
29 October 2010 The penalty would be 200 per day or 2% per month w.e.h till the date of payment of ST
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