Service tax


Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
04 February 2012 There was a survey by service tax department for service tax on construction industry , client has defaulted in paying service tax liability. what will be the penalties imposed by department after survey?

05 February 2012 quantum of penalty will depend of period and nature of default. If it is for past period then Department can go for section 78 penalty which is maximum 200% of tax. However, same is reduced to 100% for the period 2011-12. Will depend upon allegation in show cause notice and there are also other provision of reduced penalty.



You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries