https://www.taxtmi.com/forum/issue?id=4584 Late payment of service tax falls under Section 76 (w.e.f. 08.04.2011) allowing penalty calculated as either a fixed daily amount or a monthly percentage of unpaid tax, subject to an overall cap, while Section 77 prescribes a separate maximum penalty; where tax plus interest has been deposited the department can be requested not to issue a show cause notice or to refrain from imposing penalty. en-us Fri, 24 Aug 2012 17:22:36 +0530 Thu, 23 Jan 2025 15:57:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=4584 Late payment of service tax falls under Section 76 (w.e.f. 08.04.2011) allowing penalty calculated as either a fixed daily amount or a monthly percentage of unpaid tax, subject to an overall cap, while Section 77 prescribes a separate maximum penalty; where tax plus interest has been deposited the department can be requested not to issue a show cause notice or to refrain from imposing penalty. Discussion-Forum Service Tax Fri, 24 Aug 2012 17:22:36 +0530 https://www.taxtmi.com/forum/issue?id=4584