Service Tax for the month January, 2015 is due for payment on 6th February, 2015 for assessees other than Individual, Proprietary Firm, Partnership Firm or LLP. 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. 10000/-. 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 (See table below). This is for your information.
| 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% first the 6 months of delay and 24% for the delay beyond 6 months | 15% first 6 months of delay and 21% for the delay beyond 6 months |
| More than 1 year | 18% for the 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 |
