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Penalty

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29 September 2011 can u guide me please in this situation? what is the penalty in service tax when no business started after obtain service tax registration number?
and also nil returns are not filled by the assesse form last 4 years (After obtaining registration number also no business is started)

29 September 2011 Ans;-1--- No PENALTY

Ans;-2 ---shall be liable to pay penalty u/s 77(2), Penalty under sec 77(2) can be levied upto Rs. 5000

29 September 2011 penalty amount is increased from Rs. 5000 to Rs. 10000




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