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Panelty on late payment of service tax

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Querist : Anonymous

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Querist : Anonymous (Querist)
08 January 2010 there are two panelty provisions for the late payment of service tax,
one is: 13% interest for the delayed period
IInd is: Rs. 200 per day or
2% of the service tax per month
(which ever is higher but not exceeding the amount of service tax paid)


my question is both the panelties are simultanously leviable or mutually exclusive.

thanks in advance.
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
08 January 2010 Applies simultaneously.
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CMA Arif Farooqui

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CMA Arif Farooqui (Expert)
09 January 2010 agree
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