HI, EVERYBODY
PLEASE SOLVE MY QUERY AS BELOW :
KINDLY LET ME KNOW WHETHER A SMALL SCALE INDUSTRY( PROPRIETORSHIP FIRM) NOT REGD. IN FACTORY ACT AS WELL ANY COMPANIES ACT IS LIABLE TO PAY THE SERVICE TAX UNDER GTA, AND IF YES THEN WHAT SHALL BE THE PENALTY & INTEREST APPLICABLE FROM 01.01.2005 AND CAN AVAIL CREDIT AGAINST THE SERVICE TAX PAID DURING THAT PERIOD .
Yes. You are suppose to pay the service tax. The interest will be calculated @ 13% p.a.. The penalty will be lavied @ Rs.2000/- per return for late filing. The return is to be filed twice in a year.
S.B.G. & CO. CHARTERED ACCOUNTANTS
New Delhi
CA Inter
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RMA And Associates LLP
New Delhi
CA Inter
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CCI
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CAclubindia
