Dear Experts,
I need Service tax Penalty Calculations Sheet for FY 2011-12.
Incase anybody have please send me.
Awaiting for reply
Thanks & Regards
1 Replies
Arun Kumar Singh
(GST Advocate)
(15220 Points)
Replied 17 April 2012
Any person, liable to pay service tax in accordance with the provisions if they fails to pay such tax, shall pay, in addition to such tax and the interest. A penalty which shall not be less that Rs. 1000 for every day during which such failure continues or at the rate of such tax, per month, whichever is higher, starting with the first day after the due date till the date of actual payment of the outstanding amount of service tax. Penalty is depend upon the failure of penal provisions.
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