Service Tax Interest and Penalty

Share This Thread
  1. shahid

    shahid New Member

    I am operating business of GTA from 13-14. I am registered under service Tax and charge services tax in the bills under reverse charge as it is a partnership firm. Till date i have not deposited any service Tax to tha govt nor i filed any return. Total recepts was approx 13 lacs per year.
    If i want to deposit S. Tax and file return, how much interest and Penalty should i pay. Is there any criminal penalty applicable?
  2. Interest rate is 30% for late payment of service tax more than one year. If you pay service tax before notice, you need not to pay penalty.
Draft saved Draft deleted
Similar Threads Forum Date
interest on delayed payment of service tax GST Jun 27, 2017
Service Tax on Loans - Consideration is only 'Interest on Loan' GST Nov 9, 2016
Interest on Service Tax GST Oct 13, 2016
Is Interest adjustment allowed from Service Tax Payment? GST Jul 27, 2016
interest and penalty on service tax under reverse charge mechanism GST Jul 27, 2016