Default in service tax registration
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
14 May 2014
Experts,
If turnover of service sales exceeds Rs.10 lacs in particular year, say in 2013-14 but party fails to take service tax registration and takes the service tax registration in 2014-15, then what will be the consequences i.e. what will be interest, penalty etc. and what will be the remedies.
Thanks
If turnover of service sales exceeds Rs.10 lacs in particular year, say in 2013-14 but party fails to take service tax registration and takes the service tax registration in 2014-15, then what will be the consequences i.e. what will be interest, penalty etc. and what will be the remedies.
Thanks
14 May 2014
As per Section 77 of Finance act there is a penalty of Rs 200 per day of defalut or Rs 10,000 whichever is higher for failure to take service tax registration.Therefore there is a minimum penalty of Rs10,000/-.
However as per section 80 the penalty can be waived off if the assessee proves that there was reasonable cause for the said failure.
However as per section 80 the penalty can be waived off if the assessee proves that there was reasonable cause for the said failure.
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Post Office RD Interest
- Eway bill for machinery reparing
- Building and other construction workers welfare cess act 1996
- Applicable TDS for Purchase of Flat from NRI
- ITR validation error - Balance sheet is not filled
- ITR 3 FILING OF AN INDIVIDUAL (PARTNER IN A PARTNERSHIP fIRM)
- Bank Accounts in Balance Sheet for ITR 3
- Annual return of gst limit
- TDS ON CASH WITHDRAWALS...
- Form 10BD Filling
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
