Poonawalla fincorp
Poonawalla fincorp

Waiver under section 80 of finance act

This query is : Resolved 
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(Querist)
15 August 2011 Can Penalty under section 76 for non payment of service tax @ Rs 200 per day or 2% till the date of payment of service tax which ever is more,waived under section 80 of Finance Act
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CS Bijoy

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CS Bijoy (Expert)
16 August 2011 Non payment of tax is illegal and on which penalty is liable to be imposed.....So according to me it can not be waived.

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