Hi,
I missed paying service tax for the period from October 1st to December 31st 2014. Last date was 5th Jan and I am planning to make payment now. However when I was trying to make payment and interest online mulitple questions are arising
1. My gross rental income is around 30 laks. What is the interest rate application for me. Some place it is mentiond as 15% (wtih 3% rebate due to less than 50 laks ST payment) and in some places it is mentioned as 18%. What is the interest I need to pay.
2. When I am making payment online, Do I need to pay interest separately for each of the components of ST (i.e., service tax, Education tax and Secondary & Higher Education Tax). Online tool showing different interest tax accounting codes for each of them.
3. Do I need to pay interest as well as penalty online at the same time now itself ?.
Thanks in advance.
Regards,
Murali
CAclubindia
