09 October 2012
can anyone tell me what is the maximum amount of penalty for late registration under service tax.is it RS 200/day? What is the maximum amount of penalty that can be levied on an assess?
09 October 2012
A person who is liable to pay service tax, or required to take registration, and who fails to get registration under service tax, shall be liable to pay a penalty which may extend to Rs. 10,000 or Rs. 200 for every day during which the default continues (whichever is higher), starting from the first day after the due date, till the date of actual compliance.
09 October 2012
A Penalty Will be Charged @200/- Per Day During Default Continues, But It Cant Exceed 10000/-, Means A Maximum Penalty of 10000 Only Can be Charged. in Any Case
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