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Default in service tax registration

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Querist : Anonymous

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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.


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Annu Agarwal

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Annu Agarwal (Expert)
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.
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