Penalty for failure in depositing service tax

This query is : Resolved 

29 December 2015 Whether there is any penalty for delay in depositing service tax and whether it is payable in all cases.

30 December 2015 For simple late payment does not attract Penalty. However any non-payment is detected by Department then a penalty not exceeding ten per cent of the amount of such service tax is leviable u/s 76 of Finance Act 1994. Read Section 76, 77 and 78 you'll be able to take decision. The act is available at goo.gl/yWqAHh. Feel free to ask further.



You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries