What is Penalty of Late Payment of Service tax ?
Penalty for late payment of service tax
Yatender Singh Rawat (Tax Consultant) (101 Points)
20 June 2014
Yatender Singh Rawat (Tax Consultant) (101 Points)
20 June 2014What is Penalty of Late Payment of Service tax ?
Harendra Kumar
(Tax Advisor )
(1326 Points)
Replied 21 June 2014
These is no penalty but interest is applycable @ 18%.
Yatender Singh Rawat
(Tax Consultant)
(101 Points)
Replied 21 June 2014
I heard that the penalty of service tax late payment is 1% per month of service tax or Rs 100 per day of default whichever is higher upto 50% of service tax. But I need details of such provision of service tax penalty
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