Regarding penalty
This query is : Resolved
09 February 2012
I have collected the service tax on 25-Aug-2011 but did not made the payment on 05-sep-2011. so i want to know whether penalty attracts for this.
If attracts what is the rate or amount.
If attracts what is the rate or amount.
09 February 2012
For your kind information now service tax is payable on accrual basis means at the time of provision of service or issue of invoice as per Point of Taxation Rules, 2011 except agst 8 specified services provided by individual or partnership firm.
Please ensure the same while paying service tax.
Anyways, if u failed to deposit ST in time then you need to deposit ST along with interest @ 15% or 18% as the case may be.
You need not to deposit any penalty in that case.
Please ensure the same while paying service tax.
Anyways, if u failed to deposit ST in time then you need to deposit ST along with interest @ 15% or 18% as the case may be.
You need not to deposit any penalty in that case.
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
- Is this income indian or foreign income?
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- ITC temporary reversal and reclaim
- GST on export of services and Input Credit
- Applicable TDS rate for sale of property in Nov 2024
- Inventory of finished goods
- GST ON EXPORT COMMISSION
- RCM INVOICING FROM NOV-2024
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- ITC EXCESS CLAIM + RCM NOT PAID...BOTH FOR FY 2020-21......PAID IN FY 2024-25....EFFECT
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding einvoice taken on nil rated sales
Trending Online Classes
CAclubindia
