Penalties
This query is : Resolved
14 November 2013
please tell me the penalties levied under ST (all interests and penalties)
14 November 2013
penalty under sec. 76 (failure to pay tax - Rs.100 per day or 1% of service tax max. 50% of tax)
Penalty u/s 70 (for belated filing of ST-03 return Rs.500 for first 15-30 days Rs.1000 for next 30 days and max Rs.20000
Penalty u/s 77 Failure to take registration in time Rs.200 per day or max Rs.10000
failure to maintain books, not paying taxes electronically, any other contravention u/s 77 Rs.10000 for each default.
Penalty u/s 70 (for belated filing of ST-03 return Rs.500 for first 15-30 days Rs.1000 for next 30 days and max Rs.20000
Penalty u/s 77 Failure to take registration in time Rs.200 per day or max Rs.10000
failure to maintain books, not paying taxes electronically, any other contravention u/s 77 Rs.10000 for each default.
Message likes :
1 times
Nikhil Kaushik
(Expert)
15 November 2013
penalty under Section 70 is levied if the assessee doesn't filed service tax return within the due date.
For delay upto 15 days : Rs 500
For delay between 15-30 days: Rs 1000
For delay in excess of 30 days: Rs 1000 plus Rs 100 each day (starting from 31 days) till the date return is filed with maximum penalty of Rs 20000.
For delay upto 15 days : Rs 500
For delay between 15-30 days: Rs 1000
For delay in excess of 30 days: Rs 1000 plus Rs 100 each day (starting from 31 days) till the date return is filed with maximum penalty of Rs 20000.
CA BHARATH KUMAR
(Expert)
18 November 2013
yes i also agree with nikhil
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
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Accounting treatment of AMC alongwith the purchase of Laptop
- Unable to File TDS Q2 Return – New TRACES Portal Error
- MSME disclosure and disallowance
- Taxation of crypto futures in India Fy 2026- 2027
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- EPF ECR NEW RULES Sep 17th 2026
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
