TaxTMI 
TaxTMI 
Penalty provisions under service tax at a glance
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....enalty provisions under service tax at a glance <br>News and Press Release<br>Dated:- 15-6-2008<br><BR>1. Section 76: Failure to pay service tax: Minimum penalty = 2% per month (on prorate basis) or....
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.... Rs. 200/- per day which ever is higher and Maximum penalty = Amount of Service Tax 2. Section 77: (A) Failure to Get Registered Minimum Rs. 5000/- Or Rs. 200/- per day, whichever is higher (B) Fai....
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....ls to keep, maintain or retain books of account Maximum Rs. 5000/- (C) Failure to furnish information or Produce Document or Appeal before officer against summon Minimum Rs. 5000/- Or Rs. 200/- per d....
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....ay, whichever is higher (D) Fails to make payment electronically Maximum Rs. 5000/- (E) Failure related to Invoice Maximum Rs. 5000/- (F) Residual Penalty Maximum Rs. 5000/- 3. Section 78: Failur....
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....e to pay service tax with intend: Minimum Penalty = 100% of the amount of service tax sought to be evaded and Maximum Penalty = 200% of the amount of service tax sought to be evaded. 4. Rule 7C of S....
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....ervice Tax Rules, 1994 read with Section 70: Fine / penalty of late submission of Return: Period delayed in furnishing Return Amount of Penalty Maximum Penalty 15 Days from the Due Date Rs. 500/....
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....- -- Beyond 15 Days but Upto 30 Days from the Due Date Rs. 1000 -- Beyond 30 Days from the Due Date Rs. 1000/- plus Rs. 100/- per day beyond 30 Days Rs. 2000/-<BR> News - Press release - PIB....