Service Tax Penalty

Hi,

Kindly tell me how tp pay the penalty For the late filing of half yearly service tax return.

 

Thnks

Replies (7)

 

Sl. No.

Period of Delay from the prescribed date

Penalty

1

15 days

Rs.500/-

2

Beyond 15 days but not later than 30 days

Rs.1000/-

3

Beyond 30 days

Rs.1000/- plus Rs. 100/- for every day from the thirty first day till the date of furnishing the said return

Hi,

 

I wanna know how to pay the penalty.

Eg. Through GAR 7, or having seperate challan to pay the Penalty, and what is the code of penalty etc etc........

Thanks

 

Accounting Codes for the taxable services introduced vide the Finance (No. 14) Act, 2010
Circular No. 124/6/2010-TRU, dated 29-6-2010

  1. Heads of Account under the Major Head “0044-Service Tax” in respect of the new taxable services have been allotted by the Office of the Principal Chief Controller of Accounts, CBEC. 
  2. Accounting Codes for the purpose of payment of service tax are as follows: 

Note: A. The sub-head “other receipts” is meant for interest, penalty leviable on delayed payment of service tax
B. The sub-head “deduct refunds” is not to be used by the assessees, as it is meant for the Revenue/Commissionerates while allowing refund of tax

C. Primary education cess on all taxable services will be booked under 00440298 and Secondary Higher Education Cess will be booked under 00440426

D. If NSDL have issued any dummy codes for revenue collection and interest/penalty for the above eight services, all these dummy codes should be treated as void and may be replaced by the correct account codes as stated above

Read more: SERVICE TAX ACCOUNTING CODES NEW SERVICES WEF 01.07.2010 | SIMPLE TAX INDIA-TDS RATE INCOME TAX RATE 

But the payment of penalty shoud be made through GAR7 or what?

through GAR-7.... 

Appreciate for the fast response from ur side. Thank you for that.

One more question-

And what will be the code for that?

 

all accounting code will be on back side of challan....

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