Interest of Late deposit of Service Tax Liability

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..... Interest of Late deposit of Service Tax Liability
Query (Issue) Started By: - PANKAJ GROVER Dated:- 26-8-2011 Last Reply Date:- 27-8-2011 Service Tax
Got 2 Replies
Service Tax
Dear All A .....

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..... s the interest rate for late deposit of service tax liability has been increased from 13% to 18% w.e.f. 1st April 2011, whether it will be applicable for the period falling after 1st April 2011 or amo .....

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..... unt deposit after 1st April 2011. For Example: Liability of the Assesee is Rs 2L for September 2010, and it will be deposit the same this month i.e. August 2011, how will it compute its liability for .....

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..... interest like From October 10 to March 11 - 13% April 11 to August 11 - 18% OR From October 10 to August 11 - 18% Please reply asap. Regards RAPG & Co. Reply By ROHAN THAKKAR: The Reply: Dear .....

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..... Sir, The interest on late deposit of service tax has been increased from 13% to 18% (15% for those assessee whose turnover in the previous year is less than Rs 60 lakhs) from 01-04-2011. Consequent .....

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..... ly, interest on late payment upto 31-03-2011 will be 13% and from 01-04-2011, it has to be calculated at 18% (or 15% as the case may be) Regards, Rohan Thakkar [email protected] Reply By DEV KUMA .....

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..... R KOTHARI: The Reply: I agree with reply given by  shri Thakkar.
Discussion Forum - Knowledge Sharing .....

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