09 April 2012
We have raised one service invoice on 31st at 8pm and could not remit service tax on the same day. Is there any extension for this remittance.
09 April 2012
Agree with Amit and also penalty will be applicable @ Rs. 100 per day or 1% per month or part there of whichever is higher subject to a maximum of 50% of service tax liability w.e.f 08-04-11.
09 April 2012
In your case, As pee my knowledge penalty will not be levied, since you have sufficient cause for not making payment of ST within time. Generally, In such cases penalty is not levied.So, Do not pay the amount of penalty unless the department asks for it.
12 April 2012
Sir, is it ok whether I will remit the balance service tax as follows:- 10% ST Rs. 12178.55, ED Rs. 243.57 and Higher ED Rs. 121.79 + interest 1.5% Rs. 188.15. I am not remitting the penalty as per Mr. Amit's reply. Thanks in advance
CAclubindia
