Dear Sir/Madam,
Service Tax payment for the month ending 31st May, 2014 is due for payment on 5th June, 2014 for assessees other than Individual, Proprietary Firm, Partnership Firm or LLP.
It is mandatory for assessees, who have paid taxes (including CENVAT Credit) more than Rs. 1,00,000/- during the financial year 2013-14 to pay their dues through internet banking (e-payment).
The due date for the assessees, who are opting/liable for e-payment will be 6th June, 2014.
This is for your information.
Regards
Sushil Kr Goyal
Room No.64, 4th Floor,
Stephen House,
4, B.B.D.Bag (East)
Kolkata - 700 001
P.S.
(i) If payment is made after due date interest @ 18% p.a. is payable. However in case the value of taxable service is less than sixty lakh rupees during the last preceding financial year, the rate of interest shall be 15% p.a. and apart from interest, penalty for delayed payment may also be levied.
(ii) If an assessee liable for e-payment and fails to do so he may be held liable for penalty which may extend to Rs. 10000/-.
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