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Major code for payment of Penalty

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This query is : Resolved

CA. abhinav kumar (Querist)

01 June 2009 Can anybody tell me when we are registered as a service provider for more than one service than what is the code for payment of service tax penalty under section 70 for delay in submission of return.

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)

01 June 2009 There is no common/uniform code for penalty payment for those who are providing multiple services. It varies from service to service.

Payment as per section 70 is late fee. Penalty is covered in section 77 of the Finance Act,1994.

CA. abhinav kumar

CA. abhinav kumar (Querist)

01 June 2009 sir , i am talking about the late fees for delay in submission of return.

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)

01 June 2009 In the case of multiple service providers there is no common/uniform code for paying late fee as per section 70 r.w.r 7C. It varies from service to service.

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