Penalty
This query is : Resolved
29 September 2011
can u guide me please in this situation? what is the penalty in service tax when no business started after obtain service tax registration number?
and also nil returns are not filled by the assesse form last 4 years (After obtaining registration number also no business is started)
and also nil returns are not filled by the assesse form last 4 years (After obtaining registration number also no business is started)
29 September 2011
Ans;-1--- No PENALTY
Ans;-2 ---shall be liable to pay penalty u/s 77(2), Penalty under sec 77(2) can be levied upto Rs. 5000
Ans;-2 ---shall be liable to pay penalty u/s 77(2), Penalty under sec 77(2) can be levied upto Rs. 5000
29 September 2011
penalty amount is increased from Rs. 5000 to Rs. 10000
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