E- Payment of Service Tax
This query is : Resolved
16 September 2009
Is it compulsory to make all service tax payment as an E- Payment mode ?.
b) suppose if an assessee has to make service tax payment of Rs. 60 lacs and he has not opted for E-Payment facility with his bankers , can he make the cheque payment and get the credit of the same in his service tax liability ?.
b) suppose if an assessee has to make service tax payment of Rs. 60 lacs and he has not opted for E-Payment facility with his bankers , can he make the cheque payment and get the credit of the same in his service tax liability ?.
16 September 2009
Assessees who have paid Service tax of Rs. 50 L, either during the previous year, or during the current year is required to pay taxes by electronic mode. The 50 L shall include amt adjusted through Cenvat as well.
Payment can be made through cheque. But penalty for contravention of the applicable rules can not be ruled out.
Payment can be made through cheque. But penalty for contravention of the applicable rules can not be ruled out.
16 September 2009
Thanks Mr. Naik , what is the quantum of penalty if payment is made by a cheques with overdue interest if any is there ?
17 September 2009
It may extend to Rs. 5000/-Ref : Sec 77(d)
I can not comment, whether the penalty will be applicabe for each default(ie. for each challan made manually)
I can not comment, whether the penalty will be applicabe for each default(ie. for each challan made manually)
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- IT Return filed defective u/s 139 (9)
- Fixed Deposit Claim Relinquishment by the Nominee
- ITR 6 Schedule CFL and UD Issues
- Income Type for interest from government bonds
- FREELANCING ACCOUNTANT
- NR GST NUMBER
- Not a CA , can we prepare balance sheet
- For REQUIRE INDIVIDUAL GST
- GST Form ADT-02
- TCS ON SOFTWARE SALES
- Query Regarding on TDS section 194H and 194J
- TDS on purchase of value vouchers for employees ?
- PAYMENT TO OPEN AI AND ENVATO ELEMENT
- From 15CA for remittance by domestic travel agent by to Foreign Destination Management Company.
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
Trending Online Classes
-
Excel Mastery Program
CA Rishabh Pugalia
CAclubindia
