Amount of penalty

111 views 2 replies
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?????


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register