banner_ad

interest u/s.75 of service tax

Queries 1922 views 4 replies

if we don't pay the interest u/s.75 of service on late payment of service tax than what sort of actions department may take

Replies (4)

Under section 87 on the Finance Act, 1994 provisions for recover of any amount due to Central Government is listed.  The following is the recovery mode.

  1. Deduct the amount from any refund with Central Excise Department
  2. Direct any debtor of the company to pay the department instead of the company
  3. Distrain any movable or immovable property
  4. Collector of the district maybe directed to collect the amount as if it were an arrear of land revenue

Regards

S Saravanan

https://ssaravanan-vvu.blogspot.com/

may i know what is the  rate of interest for late payment of service tax u/s-75

13% p.a..............

thankyou sir!!!!!!!!!!!!!!


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
22 May 2026
U.S. Financial Reporting & Consolidation Manager

Karia Overseas

Ahmedabad

CA

View Details
Company
01 June 2026
Audit, Taxation & Compliance Executive

R P S K & Associates

Nashik

CA Inter

View Details
Company
19 May 2026
Accountant

ca kunjan

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 04 June 2026
Article

Rakhecha & Co.

New Delhi

CA Inter

View Details
Company
11 May 2026
AUDIT INTERN

M/S K.K.KHANNA AND COMPANY

Noida

CA Foundation

View Details
Company
Featured 28 May 2026
SEMI QUALIFIED/ CA DROPOUTS/ ARTICLES

T R SOOD & CO

New Delhi

CA Inter

View Details
Company
19 May 2026
Fundraising Expert

MentorsWorld Ventures Private Limited

Ahmedabad

Others

View Details
Company
11 May 2026
CA Dropout

Patron Accounting LLP

Pune

CA Inter

View Details