Answer below questions and predict your rank
  • How important it is for you to pass the exam in this attempt?
  • What percentage of course you have finished well so far roughly?
  • How many hours you study in a day?
  • How many times you have revised the topics you have finished
  • Have you taken online or pen drive or live class from a renowned faculty?
  • What percentage of the classes you have watched?
  • Have you attempted mock tests or practice tests yet?
  • Are you planning to attempt mock tests conducted by external bodies- ICAI, ICSI, ICMAI or other institute?
  • How many tests you have taken?
  • Did you manage to finish the test papers on time?
  • Are you strictly following study material provided by the exam conducting authority such as ICAI/ICSI/ICMAI/Other Body?
  • How is your health in general?
  • How is your food habit?
  • Any interest in yoga or exercise or play sports regularly?
  • Planning to sleep well nights before the exams?
  • Planning to have light food and water before exams?

service Tax Applicablity

Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 asked

whether Service tax should be charged penalty for late payment ?

    2       0 Answer Now Comment Report
1 Answers
Important Note – Preparing for CA Final?
CAKART provides Indias top faculty each subject video classes and lectures – online & in Pen Drive/ DVD – at very cost effective rates. Get video classes from Quality is much better than local tuition, so results are much better.
Watch Sample Video Now by clicking on the link(s) below – 
For any questions Request A Call Back  
Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 answered

In case of service tax if you are not able to file return on time then penalty will be charged as per Section 70 Rull 7C panely for late filing of service tax return is First 15 days. RS. 500 Upto 30 days RS. 500 + RS 1000 More then 30 days. Rs. 500 + RS.1000 + Rs. 100 for every day after 30 days Maximum panely cannot exceed RS. 20000 Last date of filing of return is 25th of every succeeding month after 6 month that is 25 Oct. And 25 April In case of payment of service tax interest is charged on late payment of service tax. Due date of payment of service tax is 6th of every month succeeding the month of providing service. As per Section 75 of Service tax rule 1994 Rate of interest is different for Small scale service provider and for others For Small Scale service provider. Up to 6 months. 15%pa More then 6 months but. 21%pa Up to 1 year. More then one year. 27% PA For other Up to 6 months 18% More then 6 months but up to 1 year 24% PA More then 1 year 30% pa

    0       0 Comment Report
Deepanshu commented about 5 years ago

Sir,i was not asking about penalty of service tax! I was asking whether service tax should be charged on penalty amount in invoice?

Bhavya Shah commented about 5 years ago

Did you mean demurrage charges as a penalty in your question?

Gaurav commented about 5 years ago

Yes service tax is charged on any penalty charged by service provider as service tax is charged on gross amount received by service provider from service receiver after deducting any amount which is not chargeable to tax such as amount received against service provided which are included in negative list. Therefore amount received against panely is taxable. Example: any amount charged as panely by banks and credit card company are chargeable to tax

Get Notifications
Watch best faculty demo video classes

These top faculty video lectures will
help u prepare like nothing else can.