Poonawalla fincorp
Poonawalla fincorp

Service tax penalty for late payment

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Querist : Anonymous

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Querist : Anonymous (Querist)
24 February 2014 i just want to know about service tax. in my company they are not return last year (2012)service tax. i want to know the procedure for penalty payment and other details. plz help me
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CS SAJU PHILIP MANALEL

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CS SAJU PHILIP MANALEL (Expert)
25 February 2014 The Maximum penalty for late payment is Rs 20000.00 (Rs 500/- for first 15 days; then 500/- for dealy more than 15 upt 30 days; thereafter Rs.100/- per day of delay)
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