Dear Sir,
I have not filled service tax return I have made payment of Service tax with Interest.
and My question is
Do I need to pay Penalty a part from Interest as well for late payment of Service tax.
Also I have to pay ₹ 20,000/- for late filling of Service Tax but while making online payment I don't see column for Penalty towards filling of Late return can you please advice the right code to make the penalty also confirm do I need to pay penalty for late filling 12%+2%+1% =12.36 or can I pay directly ₹ 20,000/-
Understanding Late Filing Penalties for Service Tax: Separate Codes, No Education Cess, Max Penalty 20,000. A participant inquired about penalties for late filing of service tax returns, having already paid the service tax with interest. The discussion clarified that penalties are separate from interest and require distinct accounting codes. Various respondents provided guidance on the applicable penalties based on the delay period and the relevant accounting codes for different services. The maximum penalty for late filing is 20,000, which should be entered in a specific column of the return. It was confirmed that no education cess applies to the penalty amount. The participant was advised to submit the return by October 25, 2015. (AI Summary)
TaxTMI 
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TaxTMI 
