penality of late payment on service tax

[sanjay gupta]

Dear Sir,

I want to know that whiter penalty is available on late payment of service tax?

Kindly clarify in this regard

AI Summary

Penalty for late payment of service tax is distinct from return filing penalty; interest liabilities depend on applicable statutory provision.
The discussion distinguishes a return-filing penalty, applicable for late submission of returns, from separate interest and penal interest obligations for delayed payment of service tax; contributors report differing claimed interest rates and emphasize the need to identify the correct statutory provision before imposing a return-filing penalty on late payment.