I was not aware that may service is covered under service tax. Department levied tax liability about Rs. 34 lakhs and penalty of equal amount. Is there any way to waive such penalty. Please furnish me any case laws.
2 Replies
EKALABYA TALUKDAR
(SERVICE TAX CONSULTANT)
(666 Points)
Replied 29 September 2009
THE DEPARTMENT HAS DONE THEIR JOB.
IT MAY BE WRONG OR WRITE.
THE ONLY WAY FOR YOU TO GO TO APPEAL
Gautam Joshi
(Partner)
(361 Points)
Replied 06 October 2009
Hi Krutesh,
As a general law, ignorance of law is not at all an excuse.
I know its harsh on the assesse but you must know your government liabilities.
Moreover, what you can do now is there is a provision Section 73(1A) of Finance Act, 1994 from which you can reduce your penalty to 25%. Provided you paid the Service Tax and other dues as per provision within 30 days of notice.
Warm Regards.
Recent Topics
- Bg claim period charges
- TDS deducted u/s 194N but showing as 194NF in 26AS
- Traces - Unable to register
- Partner required for 10 yr old firm on fix basis
- Are sec 73/74 dependent on other sections?
- Non GST Declaration is Compulsorry
- Assignment work for CA
- What is TDS rate on Director remuneration payable
- AI in Audit: How Artificial Intelligence is Changi
- Regarding non filing of GSTR-9C (but GSTR-9 filed)
Related Threads
Trending Online Classes
-
Certification Course on GSTR-3B Reconciliation with GSTR-2B through AI Tools
CA Deepak Gupta15 July 2025
CAclubindia
