e-payment is mandatory in nature & there is any penalty ?


This query is : Resolved 

13 March 2009 Dear Sir,

Can you help me in below mentioned query?

"E-payment is mandatory as per Service Tax act for assese who paid the revenue (Service Tax) more than 50 lacs during the year or previous year. And there is any penalty in case of failure? If yes what is amount of penality?

Regards

17 March 2009 The penalty can be imposed upto a maximum amount of five thousand rupees.


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