service tax

Rajeev (Student)     07 February 2008

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Dear sir,

pls tell me about penalty for due payment of service tax.

I mean that the payment which was outstanding and not deposited in central gov. A/c.

Please I tell me.


CA O.P. SINGH (O P Singh & Co.)     07 February 2008

O P Singh & Co. 
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interest for late payment is 13% p a if it is paid before receipt of show cause notice penalty u/s 76 will be lavied @ 200 per day subject to service tax amount ,if paid after receipt of SCN


Amit Sharma (article)     07 February 2008

Amit Sharma
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13 % (or) 200 Rs per day. The above are subject to Show cause notice.


13% interest and 200 penalty per day, but u deposited the all amount before issue show caused notice and with proper reason then u can exemption .

V Chandramouli (Addl. Manager - Corporate Acco)     08 February 2008

V Chandramouli
Addl. Manager - Corporate Acco 
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you can deposit the same belatedly with 13% interest before issue of SCN. if it is after SCN then additionally you have to pay Rs. 200 per day as penalty u/s 76. if u prove that the delay is not intentional beyond dobt then depends on assessing officer you may get exemption

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