07 August 2014
Rent received in ist qtr i.e. ending 30.06.2014 =5,00,000 Service tax to be paid by 05.07.2014 as per Rule 6 of Serviec tax Rules= 5,00,000*12.36%=61800 Interest to be paid under section 75=61800*15%*36/365=914/- Penalty to be paid under section 76=higher of (i) 100*36 days=3600 or (ii) 1/100*61800*36/30=741.6 So Penalty comes out to Rs 3600
Amount to be paid on 10.08.2014=61800+914+3600=66314
Please mention as to under which service you are registered so that to avail abatememt.
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