banner_ad

Penal consequences

Queries 353 views 1 replies

Assessee has collected service tax from clients but did not deposit it to govt. The default persists for over a year now..However, no SCN or any kind of Order/notice/ enquiry has been received from the department

Now the assessee wants to deposit the service tax so collected voluntarily, along with interest.

Will any penalty also be levied while making such voluntary payment..? Kindly explain the penal consequences, if any.

Replies (1)

I think in this case, penalty is not applicable considering the recent amendment.

/articles/service-tax-amendments-applicable-w-e-f-14th-may-2015-23843.asp#.VV9PgkazmT8

Interest on delayed payment of service tax shall be applicable @ rates specified.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
23 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
22 May 2026
Audit assistant

Displayandbeyond

Mumbai

CA

View Details
Company
Featured 26 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
ARTICLESHIP 23 May 2026
Article Assistants

Acupro Consulting

Gurgaon

CA Inter

View Details
Company
26 May 2026
Senior Accountant cum purchase Manager

Vardhaman Group of India

Pimpri Chinchwad

CA Inter

View Details
Company
19 May 2026
Article, CA & Paid Assistant Positions

Aggarwal Sarawagi and Co

New Delhi

CA

View Details
Company
14 May 2026
Senior Associate

ABHISHEK SHANKAR AGARWAL & ASSOCIATES

Kolkata

CA

View Details
Company
27 May 2026
Audit Assitant

Virender K Gupta and Co

New Delhi

B.Com

View Details