Service tax

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

30 April 2014 I works for company X my nature of works is fabrication,eracation ,repairing, maintenance
etc. My turnover for FY 12-13 was Rs. 10,94,500 ( as per TDS certificate issued by company X u/s 194C )I registered myself with Service tax from May 13 and paying tax regularly. Now I have been told by ST authority to pay tax for FY 12-13 as I crossed the basic 10 lakhs limit from myself with interest. I registered with ST as service provider as " Maintenance or repair service" can anybody help me out from such problem?

KUMAR trp707@gmail.com

KUMAR trp707@gmail.com (Expert)
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30 April 2014 yes u pay for the year 2012-13 only on crossed more than 10 lacs.
liability on Rs 94 500/- @12.36 + 15% interest

as per Notification 33/2012-ST

Nischit Sanghavi

Nischit Sanghavi (Expert)
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30 April 2014 Rate of Interest on Service Tax is @18% and remaining part of the above reply is correct.

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Nischit Sanghavi

Nischit Sanghavi (Expert)
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30 April 2014 94500*12.36% = 11680/-
Interest
11680*1.5%pm*13 = 2278/-
Total 13958/-

KUMAR trp707@gmail.com

KUMAR trp707@gmail.com (Expert)
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30 April 2014 CLAIM CUM TAX VALUATION RUEL OF 67(2)
INCLUDING OF S TAS ON

94500/112.36*100=84 105 X 12.36%= 10395 STAX

INTEREST ON RS.10 395/- DUE DATE
31-3-13 PAID DATE
2-5-14 =DELAY NO OF DAYS IS = 397 DAYS

SO INTEREST PAYABLE RS 1696/-.
SO DUE 12091

Querist : Anonymous

Querist : Anonymous (Querist)

01 May 2014 Thanks!
Explaining instantly the size of punishment is not expected on this platform rather suggest think how punishment could be avoided and that will be consider productive and fruitful.OK Dear!