Interest and penalty calculation

This query is : Resolved

M. A. Quadiri (Querist)
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28 August 2013 i have provided services in April'12 to June '12 for Amounts of Rs. 829711. and i have not paid service tax for the same , not yet filed my ST-3 for the above said period ..
Please suggest me how to calculate interest and penalty for the above said services ..

RENGARAJ R.K

RENGARAJ R.K (Expert)
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28 August 2013 Best option is to go for VCES scheme, pay 50% tax before dec 13 and balance 50% by 30th june 14 and avoid penalty, interest, late fee etc.,

The new rate of interest of 18% will be applicable from 1st April, 2011.However interest rate is reduced by 3 % for turnover up to 60 Lacs.

Non filing of return will also attract Rs.20K.