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Penalty on late payment of service tax
The due date for payment of service tax was 31 march 2016, if we pay it today what would be the penalty we need to pay?
Replies (2)
oct to march st-3 must be filed within 25th april form st-3
If you dont pay Service tax on or before 31 March 2016, the interest liability would be triggered @ 18% p.a. (15% p.a., if the turnover is less than 60 lakhs for the preceding financial year).
Further, no penalty as such is payable for such delays.
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