Service tax for 1st quater not yet paid
This query is : Resolved
01 September 2013
one of my clients has not yet paid the service tax collected from april to june till date.
any one please tell me the interest rate for delayed payments and also the penalty provisions that may be attracted.
any one please tell me the interest rate for delayed payments and also the penalty provisions that may be attracted.
01 September 2013
The new rate of interest of 18% will be applicable from 1st April, 2011.
However interest rate is reduced by 3 % for assessee whose turnover is less than Rs. 60 Lacs.
However interest rate is reduced by 3 % for assessee whose turnover is less than Rs. 60 Lacs.
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