MNarayanan (Book- Keeper) (169 Points)
27 December 2013
Manoj Agarwal
(Service Tax Consultant Rourkela Service)
(3456 Points)
Replied 27 December 2013
Firstly, the Service Tax return is not quarterly, but Half Yearly. So, the return for the half year 01-10-2012 to 31-03-2013 was originally due on 25-04-2013 which was eventually extended up to 10-09-2013. If you have not filed the same, you are liable for late fee under Rule 7C of service tax rules, 1994 which is (Rs. 100/day + 1000) for delay beyond 30 days, subject to maximum of Rs. 20,000 (section 70(1) of finance act, 94)
If tax is not paid within due date, then interest @ 18%/15% p.a. is leviable u/s 75, as the case may be.
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