Wednesday, September 30, 2015
View All News

Dear All,

This is to inform you that,

A.  Last date of Service Tax Payment for Quarter/Month ended 30.09.2015 is 05.10.2015.

B.  Late payment will attract interest. With effect from 01.10.2014 interest rates for late payment have been substantially increased as under:

Sr. No.                          Period of delay                         Rate of Interest

   1.                               Up to 6 Months                                 18 %
   2.                     More than 6 months and up to 1 year         24 %
   3.                               More than 1 year                               30 %

Hence ensure that Service Tax is paid on time to avoid high interest payments.

C. Following details are required by C A for Service Tax calculations;

1. Tally Backup
2. Copies of Bills raised
3. Cenvat Credit Details
4. Calculation Sheet 
5. Completion Certificates (For Builders)(O.C) 
6. Any Other relevant detail for Service Tax calculations

D. The rate of Service Tax w.e.f 01.06.2015 is 14%.

E. Last date of filing Service Tax Return for the Half Yearly April - September-2015 is 25.10.2015.

This is for your reference and for necessary action from your end.

Thanking you,
With regards, 

For Silvassa Industries & Manufacturers Association    

Narendra Trivedi 

Other News by SIMA