Service Tax Return


Those who do not deposit Service Tax on time have to pay simple interest on the payable amount as mentioned below:
Delay in Payment of Service Tax Simple Interest Levied on Payable Amount
Up to 6 months            18%
6 months to 1 year       24%
More than 1 year         30%

If you fail to file the Service Tax Return in Time, you have to pay the penalty for late filing as mentioned below:
Delay in filing Service Tax Return Penalty to be Paid
Up to 15 days                 Rs 500
15 to 30 days                 Rs 1,000
More than 30 days         Rs 1,000 + Rs 100 per day of delay beyond 30 days

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