Penalty for late registration
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
19 December 2013
Our client provided service Rs.9.5lakhs in march 2013. No business before that.
No business in this FY till date.
Client is not registered with deppt. yet.
Today we are applying for registration.
Is is compulsory to pay late regn. penalty Rs.10,000/- ? or any circular / case law supports to not pay it as service tax liability is nil till date.
No business in this FY till date.
Client is not registered with deppt. yet.
Today we are applying for registration.
Is is compulsory to pay late regn. penalty Rs.10,000/- ? or any circular / case law supports to not pay it as service tax liability is nil till date.
19 December 2013
Dear friend,
An assessee whose clearance value exceeds Rs.9 Lakhs in a financial year is required to take registration. As your taxable value has exceeded Rs.9 Lakhs, you were required to take registration.
As per Section 77(1) of Finance Act, 1994, penalty can be imposed for not obtaining registration, which may extend upto Rs.10,000/-.
However, the authority can waive the penalty on reasonable cause for such failure on your part.
An assessee whose clearance value exceeds Rs.9 Lakhs in a financial year is required to take registration. As your taxable value has exceeded Rs.9 Lakhs, you were required to take registration.
As per Section 77(1) of Finance Act, 1994, penalty can be imposed for not obtaining registration, which may extend upto Rs.10,000/-.
However, the authority can waive the penalty on reasonable cause for such failure on your part.
Message likes :
1 times
Querist : Anonymous
Querist :
Anonymous
(Querist)
19 December 2013
Dear Ajith ji ,
Does any relevant case law exists describing what all is acceptable as reasonable cause ?
What is your experience with deptt. on such submissions ? & suggestions accordingly.
Does any relevant case law exists describing what all is acceptable as reasonable cause ?
What is your experience with deptt. on such submissions ? & suggestions accordingly.
19 December 2013
Dear friend,
The acceptance of your plea by the authority may vary from person to person. Therefore, case laws may not be of much favour to you as the maximum amount involved in the case will be Rs.10000/- only. Therefore, the success on your part will depend on your ability to convince the authority about the reasonableness in the cause shown by you.
The acceptance of your plea by the authority may vary from person to person. Therefore, case laws may not be of much favour to you as the maximum amount involved in the case will be Rs.10000/- only. Therefore, the success on your part will depend on your ability to convince the authority about the reasonableness in the cause shown by you.
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?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- ITC temporary reversal and reclaim
- TDS U/S. 194NF
- GST on export of services and Input Credit
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Inventory of finished goods
- Applicable TDS rate for sale of property in Nov 2024
- Import license renewal
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- 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?
- Query for dubts
- Regarding einvoice taken on nil rated sales
- Strategical investment in Public listed company
Trending Online Classes
CAclubindia
