14 November 2013
penalty under sec. 76 (failure to pay tax - Rs.100 per day or 1% of service tax max. 50% of tax) Penalty u/s 70 (for belated filing of ST-03 return Rs.500 for first 15-30 days Rs.1000 for next 30 days and max Rs.20000 Penalty u/s 77 Failure to take registration in time Rs.200 per day or max Rs.10000 failure to maintain books, not paying taxes electronically, any other contravention u/s 77 Rs.10000 for each default.
CAclubindia
