Service tax liability for delay in payment

Queries 761 views 3 replies

Dear Sir/Madam,

Pls. advise the maximum liability of my Service Tax including penal provisions (i.e. Interest and penalty if any), the details of which are given below ;

Date of Invoice for raising Invoice for Commission : 20.01.2012

Amount of Service Tax  Rs.4560/-

Payment has not been made till date and the amount of Service Tax had not been reflected in Return submitted for Mar'12.

 

Replies (3)

amount of service tax will be same since service has been provided and Invoice has been raised before 31.03.2012.

Along with your service tax liability your should pay interest at 18% pa.....
For default in payment of tax there will be a penalty of Rs 10000/- plus interest @ 18% p.a for the number of days for which the default continued,these are in addition to the tax payment.


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