Late registration-Service Tax

Others 839 views 1 replies

Hi

XYZ Pvt Ltd Co. was eligible for registration under service tax (Renting of immovable property head)w.e.f feb 1, 2010 the date on which gross reciepts of services exceeds Rs. 10 Lacs.but get registered on January 12, 2011 under the above head.and we have recived the payment due for the month of Feb, March, April, May, June 2010 in the month of December 2010 without service tax and for the remaning month payment is still due.now we want to charge service tax from feb 2010 from the client and deposit the same to the service tax dept.(also cilent have no objection to this) My question is

1) Is there any penalty on late registration.

2) Is there any interest leviable on the late amount deposit

3) what are others consequences to the above

Replies (1)

 

1.Yes penalty of non registration is Rs.200/- per day upto 5000.00

 2. yes.  Penalty of late deposit Rs.200/- per day or 2 % p.m. whichever is higher.

You have to charge service tax on receipt basis after registration and deposit the same with government.


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