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Interest & penalty for delay in payment & reurn filing.

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(Querist)
11 April 2012 Dear Sir

Till Date we have not deposited the service tax from March2010 due to fund crisis & not filed the return from the period Oct-March2010 to till date

Pls advice me if me what interest & penaltiy will be payable if I pay the srvice in April 2012 & also file the return in april 2012 for March 2010.

Rgds
Deepak
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CA Kishore Tallam

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CA Kishore Tallam (Expert)
11 April 2012 Interest @18% p.a. and also a penalty of Rs. 100 per day or 1% p.m subject to a maximum of 50% of service tax liability will be imposed.
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Mihir Doshi

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Mihir Doshi (Expert)
11 April 2012 Agree with Expert
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