Question ID : 10929

SEZ, import of services 2) interest on delayed payment of service tax

Is import of services applicable to SEZ. I know that SEZ is exempted from service tax, but does this exemption apply to import of services. Is ter on deyed payment of service tax, an allowable expenditure under come-tax act? Service tax is due on say 31 March. But tax is paid on say 30th April. The company wants to pay the ter now say June. How is the ter calcuted? Is it from 31st March to 30th Apr? or is ter payable on deyed payment of ter? '

posted by t sankar on Jun 12 2009 12:00AM