Penalty on late payment of service tax
This query is : Resolved
19 October 2015
Pls clarify whether penalty is payable on late payment of Service Tax or not as per amendment made by Budget 2015.
Regds
Regds
19 October 2015
Budget 2015 is silent on this issue.However budget 2014-15 ,vide notification no.12/2014-ST (Effective from 01/10/2014 has incresed the rates for delay payment of service tax depending upon the delay. for delay up to six months it is 18*,more than six months but less than a year it 18% for six months and 24% for the delay beyond six months. More than a year , 18% for first six months,24% foe second six months and 30% for the period beyonf one year.Threepercet concession however is there as per section 75 that is for those below (value of Ser.Tax.60 Lacs).ca.sagar mal pareek
19 October 2015
Yes, can be penalized u/s 76 in addition to interest to be payable under rule 7C.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- REGARDING GST ON COMMERICIAL PROPERTY
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- GST on export of services and Input Credit
- ITC temporary reversal and reclaim
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- TDS U/S. 194NF
- Applicable TDS rate for sale of property in Nov 2024
- Tds on building rent monthly
- Event company query
- MIS MATCH OF INVOICE NUMBER
- VERIFICATION OF REFUND RELATED
- GST Regis.
- ITC c/f from FY2022-23 to FY2023-24 entered the same in table 8C of GSTR9 of FY 2022-23, in FY23-24
- Late filling fees Demand by gst office
- IGST Credit-Show cause notice issued-confusion
- Short and Excess provision of expenses
- Issue of gst e invoice
- Interchangeable words in accounts
Trending Online Classes
CAclubindia
