Penalties
This query is : Resolved
14 November 2013
please tell me the penalties levied under ST (all interests and penalties)
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.
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.
Message likes :
1 times
15 November 2013
penalty under Section 70 is levied if the assessee doesn't filed service tax return within the due date.
For delay upto 15 days : Rs 500
For delay between 15-30 days: Rs 1000
For delay in excess of 30 days: Rs 1000 plus Rs 100 each day (starting from 31 days) till the date return is filed with maximum penalty of Rs 20000.
For delay upto 15 days : Rs 500
For delay between 15-30 days: Rs 1000
For delay in excess of 30 days: Rs 1000 plus Rs 100 each day (starting from 31 days) till the date return is filed with maximum penalty of Rs 20000.
18 November 2013
yes i also agree with nikhil
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
- Is this income indian or foreign income?
- REGARDING GST ON COMMERICIAL PROPERTY
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- GST on export of services and Input Credit
- TDS U/S. 194NF
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- ITC temporary reversal and reclaim
- Applicable TDS rate for sale of property in Nov 2024
- Donation Receipt u/s 80G
- MIS MATCH OF INVOICE NUMBER
- VERIFICATION OF REFUND RELATED
- GST Regis.
- ITC c/f from FY2022-23 to FY2023-24 entered the same in table 8C of GSTR9 of FY 2022-23, in FY23-24
- Late filling fees Demand by gst office
- IGST Credit-Show cause notice issued-confusion
- Short and Excess provision of expenses
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
Trending Online Classes
CAclubindia
