What is the max penality for not deposting the S.Tax collect

This query is : Resolved 

28 August 2008 What is the max penalty for not depositing the S.Tax collected.

If anybody collect the service tax and do not deposit it with the department. What would be the maximum penalty or punishment.

Arvind Aggarwal

03 September 2008 Normal Penalty is 2% or Rs.200 per day whichever is higher of noncompliance and rest depend over serious ness of case


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