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INTT. ON LATE PAYMENT OF SERVICE TAX

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Naved (Querist)
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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

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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25 June 2010 Pay tax and interest voluntarily. Payment of penalty arises only after an order is received from the department.

Shyam Lal Naik

Shyam Lal Naik (Expert)
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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.

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