Penalty on late payment of service tax
Vaibhav (student) (68 Points)
02 April 2016
Megha Choudhary
(Management Trainee)
(541 Points)
Replied 05 April 2016
oct to march st-3 must be filed within 25th april form st-3
Vikas
(CA)
(1135 Points)
Replied 05 April 2016
If you dont pay Service tax on or before 31 March 2016, the interest liability would be triggered @ 18% p.a. (15% p.a., if the turnover is less than 60 lakhs for the preceding financial year).
Further, no penalty as such is payable for such delays.