Service Tax for the month/quarter ending June, 2015 is due for payment on 6th July, 2015 for all assessees.
E-payment has become mandatory for all assessees w.e.f. 1st October, 2014. If an assessee fails to do so, he may be held liable for penalty which may extend to Rs. 10,000/-.
Moreover, payment made after 8.00 pm will be treated as payment made on next day. Payment after due date will be liable for interest as per Section 75 of the Finance Act, 1994
Interest table u/s 75
| Period of delay | > 60 lakhs preceding year | ≤ 60 lakhs
preceding year |
| Up to 6 months | 18% | 15% |
| More than 6 months and up to 1 year | 18% for the first 6 months of delay and 24% for delay beyond 6 months | 15% for the first 6 months of delay and 21% for delay beyond 6 months |
| More than 1 year | 18% for the first 6 months of delay; 24% for the period beyond 6 months up to 1 year and 30% for any delay beyond 1 year | 15% for the first 6 months of delay; 21% for the period beyond 6 months up to 1 year and 27% for any delay beyond 1 year |