pls confirm the service tax penalty for late remittance is it 13%?
2 Replies
Anusha
(CA Final Student)
(60 Points)
Replied 04 June 2011
Interest for late remittance was 13% previously. But after the budget 2011, the interest rate has been increased to 18%
DAYANANDA K N
(ACCOUNTS EXCECUTIVE)
(575 Points)
Replied 04 June 2011
In central excise under Sec 11AB rate of Interest has been changed from 13% to 18% in the budget 2011. I think same rate is applicable to service tax also.
Regards
Dayananda
Recent Topics
- Bill TO SHIP TO INVOICE HSN
- LTCG for property sold and bought new
- E Waybill regarding
- LONG TERM CAPITAL GAIN TAX REG
- Key actions - businesses can take to adjust their
- GST Manpower services
- Top Digital Marketing Agency in Australia
- Bank deducted TDS at a higher rate and PAN is obta
- Holding Multiple PANs May Impose Penalties
- GSTR-9 2023-24
Related Threads
Trending Online Classes
-
Excel Mastery Program
CA Rishabh Pugalia
CAclubindia
