13 March 2013
The last date of filing the ST 3 return for the quarter Apr-Jun,2012 was extended by CBEC up to 25th November, 2012
The last date of e-filing of Service Tax Return (ST-3) for the period from 1st July 2012 to 30th September 2012, is 15th April, 2013. Thanks Rajeev Kumar Garg (M.Com, L.L.B.) Consultant (Excise, Customs & Service Tax) Ph. no. +91 7500802402
13 March 2013
The normal rate of interest payable is 18% P.A.for delayed period. Thanks Rajeev Kumar Garg (M.Com, L.L.B.) Consultant (Excise, Customs & Service Tax) Ph. no. +91 7500802402
13 March 2013
I) Late payment of service tax attracts simple interest @ 18% per annum to be calculated for the number of days delay vide section 75 read along with notification 14/2011 dated march 1, 2011.
2) However, 3% reduction in the rate is allowed vide proviso to section 73B which is reproduced below. "“Provided that in the case of a service provider, whose value of taxable services provided in a financial year does not exceed sixty lakh rupees during any of the financial years covered by the notice issued under sub-section (3) of section 73A or during the last preceding financial year, as the case may be, such rate of interest shall be reduced by three percent per annum.”
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