Service tax codes & rate of interest

This query is : Resolved

Report Abuse Follow Query Ask a Query

Querist : Anonymous

Querist : Anonymous (Querist)

23 December 2011 Please give service tax due dates and Interest and Penalty and Calculation of Interest on Service tax.

CA Ashwani Agarwal

CA Ashwani Agarwal (Expert)
Follow

23 December 2011 Interest is levied @ 18% on late payment from the due date till the date of deposit of tax.

Due date for companies is 5th of next month
For individuals 5th of the next quater.

CA Ashwani Agarwal

CA Ashwani Agarwal (Expert)
Follow

23 December 2011 But if your turnover is less than 60 lakhs then interest is reduced to 15%.

Upgrade to CAclubindia Pro. Subscribe Now!

Querist : Anonymous

Querist : Anonymous (Querist)

23 December 2011 Please give what about Firm and Please give Service Tax filing dates also

CA Ashwani Agarwal

CA Ashwani Agarwal (Expert)
Follow

23 December 2011 For firms also return has to be filed quaterly only.

And returns for all assessee is filed half yearly.

for 30th sep- 25th oct
for 31st march- 25 may