Interest / penalty
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
01 August 2011
What is the penalty / interest payable by the assessee for non compliance of mandatory epayment of service tax.
Will the penalty / interest be waived if the assesse produces documentary evidence that the above service tax has been deposited (bank callans and not mere receipt ack) within due date.
Thanking you in anticipation.
Will the penalty / interest be waived if the assesse produces documentary evidence that the above service tax has been deposited (bank callans and not mere receipt ack) within due date.
Thanking you in anticipation.
Amit Jolly
(Expert)
03 August 2011
penanlty for late filing is rs. 20000/- (inn. earier it was rs. 2000/-(Max)
interst rate from 1st april.2011 is now 18% for late deposit of service tax
Regards
Pawan Agnihotry
interst rate from 1st april.2011 is now 18% for late deposit of service tax
Regards
Pawan Agnihotry
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