Hi,
I got a notice from Service Tax department on 29-Jan-21 to pay service tax for the period of FY 2015-16 and the gross receipts from services is INR 5945085 /-. Kindly help me in calculating the amount of service tax which I need to pay.
Regards,
Batakrushna Sahoo
You need to calculate the principal tax (applying 12.36% for April-May 2015 and 14% for the remainder of FY 2015-16), compute mandatory interest (ranging from 18% to 30% depending on the duration of delay), and determine if you are liable for penalties based on the allegations in your specific notice. Please consult a CA to verify these calculations and respond to the department appropriately.
Krea University
Chennai
CA
View Details
N N V Satish & Co.,
Hyderabad
CA Inter
View Details
CCI
Pro
CAclubindia
