29 January 2014
If service tax is late paid and late submitted then is only Interest @15% on number of basis and Penalty for late filling of return then upto 15 days Rs.500 15-30 days Rs.1000 beyond 30days Rs.1000+100 per day upto Rs. 20000
is there any other charges are applicable if any please provide information.
29 January 2014
Ramanamma, the rate of interest of 18% will be applicable if turnover from exceeds Rs.60 Lakh. However interest rate is reduced by 3 % for turnover up to 60 Lakh. The penalty has been mentioned by you correctly. There are no other charges.
30 January 2014
You must write complete 8 digit codes and don't deposit full interest under one code. Be careful in depositing interest on service tax (on 12%) under 00440407 and interest on E.cess (on 2%) under 00440299 and interst on S&H (on 1%) under 00440427.
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