9911796707
TMI BlogInterest on late payment of service taxX X X X Extracts X X X X X X X X Extracts X X X X ..... Interest on late payment of service tax X X X X Extracts X X X X X X X X Extracts X X X X ..... s supposed to be paid by May 2009 However we went to Supreme Court against Service Tax Dept. In Supreme it was decided the amount shall be paid 01/03/2012. Ruling Says - However in the event of def ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ault on the part of the Applicants in deposit by the due date, it will be open to the service tax department to recover the entire amount in arrears forthwith. The amount was deposited on 15 march 20 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 12 ( 15 days later) Now the interest will calculated on 15 days or from May 2009 (984 Days) by the Service tax department ? Reply By Mahir S: The Reply: Sir, The ruling of the Court has nothing to ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... do with the payment of interest.. In your case, the Interest is required to be paid from May 2009 onwards. Reply By MARIAPPAN GOVINDARAJAN: The Reply: I endorse the views of Shri S. Mahir. Reply ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... By Ganeshan Kalyani: The Reply: Service tax if paid after it become due, the interest provison becomes applicable. The interest in your case need to be paid from the date when it became due I.e. May ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 2009. X X X X Extracts X X X X X X X X Extracts X X X X
|
