Levy of Penalty
This query is : Resolved
02 March 2011
Sir,
I have paid Service Tax with interest. I was told that Penalty also to be paid @ Rs.200/- per day from the due date of payment till the date of remittance.
My query is : I have paid the tax with interest. Is it necessary to pay penalty also.
Please advice
Thanks
P. Hemanth Kumar
I have paid Service Tax with interest. I was told that Penalty also to be paid @ Rs.200/- per day from the due date of payment till the date of remittance.
My query is : I have paid the tax with interest. Is it necessary to pay penalty also.
Please advice
Thanks
P. Hemanth Kumar
03 March 2011
Yes. Interest and penalty are two different things.
03 March 2011
In case, the liability is detected by yourself without pointing out by the department, no need to pay Penalty. Otherwise you have to pay penalty. In case Show Cause Notice is given to u, within a period of a month of issue of Adjudication order, if you pay 25% of tax amount as penalty, the issue will be closed.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- House Property Reporting in ITR
- Internship/Academic shown in Salary Pay Slip of a Doctor
- TDS Claim year
- Rent lease agreement
- Refund of 20%pre-deposit paid for stay application
- Nomination of Bank for refund in itr 2
- Relief u/s Section 89
- TDS Challan Code
- Lease agreement and tax on sale
- CCFS 2026 Schemed
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
