What is the penalty for late payment of service tax?
If an assessee has not filed his or her service tax return for more than 30 days following the expiry of the prescribed deadline, then a late payment fee of Rs 1,000, along with an extra charge of Rs 100 for every additional day of delay in excess of the initial 30 days, will be charged.
What is the due date of payment of service tax by company and where tax is paid electronically through internet banking?
If the service tax payment is paid electronically through internet banking, then service tax payments are due on the 6th of every month and 31st of March. If service tax payment is paid by any other manner, then service tax payments are due on the 5th of every month and 31st of March for One Person Company (OPC).
How do I pay old service tax due?
The taxpayer will login to the net-banking site with the user ID/ password provided by the bank for net-banking purpose and enter payment details at the bank site. On successful payment, a challan counterfoil will be displayed containing CIN, payment details and bank name through which e-payment has been made.
What is the due for payment of tax?
The payment of advance taxes of income tax for individual and firms: 1st Payment of 30% – 15th September. 2nd Payment of 60% – 15th December. 3rd Payment of 100% – 15th March.
What is the due date for payment of service tax?
If the service taxes are paid online through internet banking, etc., the payments will be due on the 6th of every month and the 31st of March. If the service taxes are paid by any other means, the payments will be due on the 5th of every month and the 31st of March.
What are the due dates for filing of Service Tax return?
Service Tax Return Due Date Service Tax Return is to be filed once every six month period in a financial year. 25th April is service tax return due date.
What is assessee code?
The assessee code is a 15-character identification number allotted by the system to the Central Excise or Service Tax assessee based on PAN number or a temporary number (in cases where PAN could not be submitted). The 15-character assessee code will be available in the registration certificate issued to the assessee.
What is the due date for payment of Service Tax?
Can Service Tax be paid now?
As you are aware, currently taxpayers are making payments of Central Excise duties and Service Tax arrears through EASIEST Portal, DG Systems has now integrated payments of CE & ST with ICE GATE portal and the new payment gate way portal “CBIC (ICEGATE) E-payment” will be operational w.e.f., 1st July, 2019 onwards.
What is the due date for payment of tax answer?
Filing Income Tax Return Due Date for AY 2021-22 (Audit Cases) The general due date for filing the Income Tax Return for the audit cases is 31st October 2021. The CBDT has extended the due date till 15th February 2022.
What was the service tax rate for 2015-16?
SERVICE TAX RATE CHART FOR FY 2015-16 :w.e.f 15 Nov 2015 WITH NEW SERVICE TAX RATE 14.5% Service tax rate increased from 14.5% to 15% (increase by way of levying Krishi Kalyan Cess at 0.5% ). The Said change will be effective from 1st June, 2016. No cenvat credit for input, input services or capital goods.Invoice includes amount of accommodation.
When is the due date for service tax?
25th April is service tax return due date. For the 6 month period of October 2015 to March 2016, the due date for filing Service Tax Return is 25th April, 2016. For the 6 month period of April 2015 to September 2015, the due date for filing Service Tax Return is 25th October, 2016.
When does SCN come into play in service tax?
The said section comes into play only if the person has underpaid / not paid service tax or received excess refund. In most cases the person who has received the SCN are either: b) the service tax is payable by the service recipient instead of service provider under the reverse charge mechanism (RCM).
What happens if service tax is not paid on time?
If the service tax due from the taxpayer to the government is not paid on time, the government levies penalties on the Payment in the following manner: If payment is delayed for up to 6 months – 18% penalty. If payment is delayed for over 6 months but up to 1 year – 24% penalty.