What is Penalty of Late Payment of Service tax ?
Penalty for late payment of service tax
Yatender Singh Rawat (Tax Consultant) (101 Points)
20 June 2014
2 Replies
Harendra Kumar
(Tax Advisor )
(1326 Points)
Replied 21 June 2014
These is no penalty but interest is applycable @ 18%.
Yatender Singh Rawat
(Tax Consultant)
(101 Points)
Replied 21 June 2014
I heard that the penalty of service tax late payment is 1% per month of service tax or Rs 100 per day of default whichever is higher upto 50% of service tax. But I need details of such provision of service tax penalty
Recent Topics
- Avoiding tax audit in case of intraday equity loss
- Form 3CEAB
- Form 3CEAA and Form 3CEAB
- DIR 3 Web KYC
- Can i declare LTCG income as business income if I
- Stock entry in new software
- I have an EMI collection shop, what is its SAC cod
- Making payment once in quarter possible under QRMP
- Master File Documentation related
- Applicability of 44AD needs clarification
Related Threads
CAclubindia
