Late payment of service tax
This query is : Resolved
05 April 2012
Dear All
service tax payable on 31.03.2012 paid on 08.04.2012 what will be the interest amount and how to calculate
please guide
thanx
service tax payable on 31.03.2012 paid on 08.04.2012 what will be the interest amount and how to calculate
please guide
thanx
05 April 2012
Interest rate is 13% p.a.
Paid on late payment of 8 days.
Amount*13%*8/365 = Interest Payable
Paid on late payment of 8 days.
Amount*13%*8/365 = Interest Payable
05 April 2012
Now the interest rate is 18% and also penalty will be applicable.
Penalty is eithere Rs. 200 per day of default or 2% p.m whichever is higher. However, penalty shall not exceed the service tax payable.
Penalty is eithere Rs. 200 per day of default or 2% p.m whichever is higher. However, penalty shall not exceed the service tax payable.
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
- Is this income indian or foreign income?
- ITC temporary reversal and reclaim
- GST on export of services and Input Credit
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Inventory of finished goods
- Applicable TDS rate for sale of property in Nov 2024
- Sale of property furniture sale
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Tds on building rent monthly
- Regarding Waiver of Interest levied u/s 50 of PGST/CGST Act
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- 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
- Regarding einvoice taken on nil rated sales
Trending Online Classes
CAclubindia
