MAHENDRA LAD (Service) (112 Points)
29 December 2011I have one query for payment of Interest on non payment of Service tax.
Suppose We have liability of 100/- out of which on 05.12.2011 we have paid 55/- through Cenvat (as on 05.12.2011 I have cenvat bal of 55) and bal 45/- is payable through Cash. So what is the due date for calculating of interest on 45/- which I am paying throgh cash (e-payment).5.12.2011 or 06.12.2011.
regards
mahendra
CA Ankur Goel
(sr. executive)
(133 Points)
Replied 29 December 2011
Hi Mahendra,
Can u tell for what month u have to make payment of service tax ?
Also make clear the position of cenvat credit...... as we can utilize only bal of cenvat credit by the end of the previous month for payment of service tax .
MAHENDRA LAD
(Service)
(112 Points)
Replied 29 December 2011
| Originally posted by : CA Ankur Goel | ||
 |
Hi Mahendra, Can u tell for what month u have to make payment of service tax ? Also make clear the position of cenvat credit...... as we can utilize only bal of cenvat credit by the end of the previous month for payment of service tax . |
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I am paying the service tax for the month of Nov 2011. cenvat credit by the end of the previous month is Rs.55/- now balance is zero.
CA Ankur Goel
(sr. executive)
(133 Points)
Replied 29 December 2011
Ok Mahendra,
U can adjust the balance of cenvat credit for payment of service tax.
Now u r saying that u will make balance payment by cash of rs. 45/-.
Then u have to make it by 5th Dec.
so u have to make payment with interest.
interest should be paid for the period 6th Dec. to 30th Dec @ 18% p.a.
CAclubindia
