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service tax

Service Tax (Legacy) 1126 views 4 replies

Rajeev

Student

28 Points Posted on 07 February 2008

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.

Replies (4)

CA O.P. SINGH

O P Singh & Co.

426 Points Posted on 07 February 2008

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

2677 Points Posted on 07 February 2008

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

Guest

460655 Points Posted on 08 February 2008

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

49 Points Posted on 08 February 2008

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