St interest & penalty
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
27 June 2016
Dear Seniors,
pls let me know the latest ST interest on delay in ST payment and penalty for delay in filing ST return,
Thanks & Regard
Ankur Jain
Rupesh Jain
(Expert)
27 June 2016
service tax not collected the @15%
service tax collected and not deposited then @24%
if your taxable service is below Rs. 60 lacs then rate will @12%
fine for late filing
Delay in Filing of Return After the Due Date Late Fees
First 15 days Rs. 500/-
More than 15 days but not more than 30 days Rs. 1000/-
More than 30 days 1000 + 100 per day beyond 30 days
The Late Fee in any case Cannot Exceed Rs. 20,000/-
for
service tax collected and not deposited then @24%
if your taxable service is below Rs. 60 lacs then rate will @12%
fine for late filing
Delay in Filing of Return After the Due Date Late Fees
First 15 days Rs. 500/-
More than 15 days but not more than 30 days Rs. 1000/-
More than 30 days 1000 + 100 per day beyond 30 days
The Late Fee in any case Cannot Exceed Rs. 20,000/-
for
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