Menu
Penalty code incase service tax return late filing
dear all ,
our company is receive three service namely rent a cab,manpower and works contract.we are late filing service tax return so have to pay penalty but i getting confuse which penalty code i have to insert and penalty code 00441094 is basically what purpose?
Replies (1)
As per Circular No.165/16/2012 –ST dated 20 November 2012, ‘Other receipts’ are only for interest and ‘deduct refund’ not to be used by the taxpayers. Thus, the only column left is ‘penalty’ for payment of late filing fees. The relevant extracts are as under -
Henceforth, the sub-head “other receipts” is meant only for payment of interest payable on delayed payment of service tax. Accounting Codes under the sub-head “deduct refunds” is not to be used by the taxpayers, as it is meant for use by the field formations while allowing refund of tax.
Recent Threads
- Paying Rent in Cash: This Could Trigger an Income
- Market Down, Portfolio Down: Need suggestions for
- How much tax is payable If I withdraw my mutual fu
- GST Penalty Provisions under Section 73 vs Section
- How VFA Academy Helps Traders Build Discipline and
- GSTR-3B Relationship
- Section 194T: TDS on Payments to Partners: Applica
- Tax planning with HUF
- FCN ( Financial Credit Notes) Treatement in Books
- Indemnity bond notarization for Income Tax (NRI ou
Related Threads
CAclubindia
