Dear all
A Manufacturing Pvt. Ltd company started in June 2008, Company is liable for service tax as service receiver on transportation and freight.
The company by mistakenly late registered for Service tax on December, 2008 from the service tax department without any objections. Lack of knowledge company was not paid any service tax and now company paid for all service tax dues along with interest and delayed submission penalty of Rs.2000/- per return from April, 08 to September, 09. At the time of ST-3 returns submission the Service tax department says company liable for Penalty of Rs. 200/- per day due to late registration. As per this condition from June, 08 to December, 08 it will approximately 36000/- (200/- for 180 days). Is it right? we afraid that it is too high in this calculation. It seems more than actual service tax paid on services. please clarify...
Thanks & Regards
Ch.Aravind Kumar
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penalty on service tax
Replies (2)
PLEASE GO TO THE BELOW MENTIONRD WEB SITE AND SEE THE ACT NO 76, 77, 78.
https://servicetax.gov.in/st-actmainpg.htm
.
The company have to paid Rs200 per day but it is subject to amount of service tax(should not exceeds the actual amount of service tax)
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