Mukesh Kumar
(Accounts Manager)
(1466 Points)
Replied 01 December 2016
FIRST, CHECK YOUR SERVCIE TAX LIABILITY . IF YOU HAVE SERVCIE TAX LIABILY , YOU SHOULD DEPOSIT SERVICE TAX WITH INTEREST 18% ANNUAL ( LATE UP TO 6 MONTH ) 24 % (LATE SIC MONTH TO 1 YEAR ) AND 30 % ABOVE 1 YEAR
SECOND YOU ARE ALSO LIABILE LATE FILE OF ST 3 RS 500 ( 1 DAY TO 15 DAYS) RS 1000 ( 16 DAY TI 30 DAYS) RS 1000+100 PER DAY ( ABOVE 30 DAYS ) AND MAX. PANELTY IS RS 20000
PRAGYA
(ARTICLE ASSISTANT)
(39 Points)
Replied 01 December 2016
Thanks for the reply sir
If I don't have any service tax liability than will I have to pay penalty for not filing return?????
CAclubindia
