Penalty for non filling of service tax collected

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Dipen Palan (Querist)
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13 April 2009 I want to know what is the penalty for non depositing of service tax collected for FY 2007-08 FY 2008-09?
further no service tax return is filled for that 2 years.

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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13 April 2009 If a person who is liable to pay service tax fails to pay service tax, he shall pay in addition to such tax and interest in accordance with the provisions of section 75 of the act, a penalty which shall not be less than Rs.200/- for every day during which such failure continues or @ 2% of such tax per month, whichever is higher. However penalty amount shall not exceed the amount of service tax payable.

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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13 April 2009 If a person fails to furnish service tax return with in the due date he shall be liable to pay late filing fee (penalty)which may extend from Rs.500/- to Rs.2000/-per return according to the period of delay. Ref:- rule 7C of Service tax Rules,1994 and section 77 of the Finance Act,1994.

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