Amount of penalty

If someone got registered with service tax dept. on 05-11-2014 but neither deposited service tax nor filed service tax return till date how much penalty he/she will have to pay???
Replies (2)

FIRST, CHECK YOUR SERVCIE TAX LIABILITY . IF YOU HAVE SERVCIE TAX LIABILY , YOU SHOULD DEPOSIT SERVICE TAX WITH INTEREST 18% ANNUAL ( LATE UP TO 6 MONTH ) 24 % (LATE SIC MONTH TO 1 YEAR ) AND 30 % ABOVE 1 YEAR 

SECOND YOU ARE ALSO LIABILE LATE FILE OF ST 3  RS 500 ( 1 DAY TO 15 DAYS) RS 1000 ( 16 DAY TI 30 DAYS)  RS 1000+100 PER DAY ( ABOVE 30 DAYS )  AND MAX. PANELTY IS RS 20000

 

Thanks for the reply sir 

If I don't have any service tax liability than will I have to pay penalty for not filing return?????

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
13 October 2026
Accountant

Zerdi & Co. Chartered Accountants

Pune

B.Com

View Details
Company
12 October 2026
Finance

I-Genext Consulting Private Limited

New Delhi

CA

View Details
Company
ARTICLESHIP 17 October 2026
Articled Assistant

RRPM & Associates LLP

Chennai

CA Inter

View Details
Company
23 October 2026
Sr. Accountant

SANKARAN & KRISHNAN

New Delhi

B.Com

View Details
Company
19 October 2026
Accountants/Articles (Freshers/Experienced)

ADY & CO.

New Delhi

Graduate (Any)

View Details
Company
12 October 2026
Chartered Accountant - Internal Audit

HKC | Chartered Accountants & Business Advisors

Ludhiana

CA

View Details
Company
16 October 2026
CA article trainee

Zerdi & Co. Chartered Accountants

Pune

CA Inter

View Details
Company
06 October 2026
Assistant Manager - Audit and Compliance

Ravi K Jain & Co

Noida

Others

View Details