Consequences for non registration

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Saikrishna (Querist)
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23 October 2013 turnover is more dan 9lacs den service registration is compulsory? if compulsory what are the consequences for non registration...

CA Pallav Singhania

CA Pallav Singhania (Expert)
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23 October 2013 Failure of registration may attract a penalty upto Rs.10000/ or Rs. 200/
for every day during which such failure continues, whichever is higher [Section 77(1)(a) of the Finance Act, 1994].

However, such penalty may be waived in case the assessee proves that there was reasonable cause for such failure [Section 80 of the Finance Act 1994]

https://www.servicetax.gov.in/faq-29sept11.pdf

regards,

Ajay Mishra

Ajay Mishra (Expert)
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23 October 2013
If there is a delay in registration, penalty of Rs. 200 per day of delay, restricted to Rs 10000 can be imposed under section 77(1) of Finance Act, 1994. The penalty under section 77 is not automatic. If the assessee can prove that there was a reasonable cause for the delay in registration, the penalty could be waived under section 80.

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