Delay in Service Tax Payment
Rams (Accountant) (36 Points)
08 February 2008Rams (Accountant) (36 Points)
08 February 2008
M.Sriram Shenoy
(CA Final)
(814 Points)
Replied 11 February 2008
Ravishankar
(C.A)
(454 Points)
Replied 11 February 2008
OFFICESELVA
(Service)
(515 Points)
Replied 26 March 2008
The interest payable is Rs.187/-
The service tax due date for March 2008 is 31/03/2008
we have deposited our service tax rs 1161164/- on 31-03-08. but the cheque has been return by our bank due to some reason . now same cheque will be represented to our bank on 02-04-08. so what will be the interst amount for the delayed payment . as the bank is taking new challn from us which dated 02-04-08.
OFFICESELVA
(Service)
(515 Points)
Replied 01 April 2008
Interest works out to be Rs.827/- if the interest is paid on 02/04/2008.
CA Dushyant Maharishi
(CA)
(178 Points)
Replied 02 April 2008
I think int. amt should be payable @ 13%p.a. for the delay payment on the amt. of s.t. payable.
AS I AM MAINTAINING ACCOUNTS FOR ONE OF THE CO OPERATIVE HOUSING SOCIETY IN SANTACRUZ AREA.
THE SOCIETY ARE HAVING TWO NO OF PAN CARDS. AS THE OLD ONE WHICH WE ARE NOT OPERATING SINCE THE SAME HAS NOT BEEN DISCLOSED TO US BY THE EARLIER ACCOUNTANT.
NOW NEW PAN NO IS IN OPERATION ON WHICH WE ARE FILING OUR RETURNS. SO ADVICE WHAT TO DO OF THE OLD PAN .
OFFICESELVA
(Service)
(515 Points)
Replied 02 April 2008
You should surrender the Pan Card. See the link below:
https://203.200.237.10/sparsh*tax.net/pan/newPAN.asp
It is sparsh*tax. Whether it is my firefox beta or the administrators of the fourm delibertely replacing * for i I am not sure.