Interest u/s 75
This query is : Resolved
28 January 2016
My question is that where the asessee volantarily made part payment of service tax within 30 days from relevant date, whether interest charged under section 75 will be on full amount or outstanding amount in show cause notice( in bonafide case)?
02 February 2016
Service Tax liability is payable on the 6th of the subsequent month for bodies corporate and 6th of the month subsequent to the end of the quarter for others. There is no period for payment of outstanding dues - whether a SCN cum Demand is issued or not. If the tax and interest is paid within 30 days of issue of SCN, then the penalty leviable is reduced to 25% of the amount payable. There is no provision for reduction of interest payable.
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Should I include march foreign salary received in April in my income for FY 2023-24?
- Tax on capital gains revoked us 54f
- Refund of AY 22-23
- HSN Details in IFF/GSTR-1 & in GSTR 9
- Inventory of finished goods
- TDR receipts for agreement holder
- Sale of property furniture sale
- GST APPLICABILITY ON POLLUTION CHECK SERVICE
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Company Incorporation - CA and directors signing from different states
- JOB WORK ITC 04
- MODEL FILLED AUDIT REPORT FOR TRUSTS IN FORM 10B
- 115TD on cancellation of 12A 80G Registration
- Point (III) 9 of GSTR-9C
- MIS MATCH OF INVOICE NUMBER
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- CASE INTIMATION OF LIABILITY UNDER SECTION 73(5)(Rule 142(1A)
Trending Online Classes
CAclubindia
