TaxTMI 
TaxTMI 
Penalty for Failure to take Service Tax Registration of belated Registration
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....enalty for Failure to take Service Tax Registration of belated Registration <br>News and Press Release<br>Dated:- 2-3-2013<br><BR>See clause 93(F) of Finance Bill, 2013 The penalty under section 77(a....
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....) is being restricted to Rs. 10,000. The provisions of erstwhile Section 77(a) read as under: "(a) who is liable to pay service tax, or required to take registration, fails to take registration in a....
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....ccordance with the provisions of section 69 or rules made under this Chapter shall be liable to pay a penalty which may extend to ten thousand rupees or two hundred rupees for every day during which s....
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....uch failure continues, whichever is higher, starting with the first day after the due date, till the date of actual compliance. Therefore as per the existing provisions the minimum penalty is Rs. 10,....
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....000/- whereas as per the proposed provisions the maximum penalty would be Rs. 10,000/- only for defaults in respect of seeking service tax registration.<BR> News - Press release - PIB....