During audit by service tax department, penalty u/s 73(4)(a)
This query is : Resolved
24 March 2013
is penalty required to be paid under section 73(4)(A) ? From which date / year it is effective ?
raghavender upadhyay
(Expert)
25 March 2013
BENEFIT OF REDUCED PENALTY WILL BE AVAILABLE IF ASSESSEE MAINTAIN PROPER RECORD THOUGH FAILURE TO PAY SERVICE TAX. SEC 73(4A)INTRODUCED IN 2011 BUDGET.
08 April 2013
I agree with the expert and interest is also payable for late payment
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