INTT. ON LATE PAYMENT OF SERVICE TAX
This query is : Resolved
25 June 2010
DEAR SIR
WE HAVEN'T PAID SERVICE TAX FOR APRIL& MAY-2010. NOW WE SHOULD PAY THIS WITH INTT @ 13% U/S 75 OR WITH PENALTY ALSO U/S 76 INTT 2% per month AND 200 RS PER DAY WHICH EVER IS HIGHER .
PLEASE SUGGEST AT EARLIEST.
THANKS
WE HAVEN'T PAID SERVICE TAX FOR APRIL& MAY-2010. NOW WE SHOULD PAY THIS WITH INTT @ 13% U/S 75 OR WITH PENALTY ALSO U/S 76 INTT 2% per month AND 200 RS PER DAY WHICH EVER IS HIGHER .
PLEASE SUGGEST AT EARLIEST.
THANKS
25 June 2010
Pay tax and interest voluntarily. Payment of penalty arises only after an order is received from the department.
Shyam Lal Naik
(Expert)
25 June 2010
You need to pay interest u/s 75 only. Once the tax & interest stood paid brfore issue of SCN, penalty u/s 76 can not be imposed.
Moreover, you can not penalise yourself.
Moreover, you can not penalise yourself.
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