TaxTMI 
TaxTMI 
penality of late payment on service tax
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....enality of late payment on service tax<br> Query (Issue) Started By: - sanjay gupta Dated:- 14-9-2011 Last Reply Date:- 18-9-2011 Service Tax<br>Got 6 Replies<br>Service Tax<br>Dear Sir, I want to kn....
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....ow that whiter penalty is available on late payment of service tax? Kindly clarify in this regard Reply By sv bhasker: The Reply: Interest @18% under Notification 14/2011-ST in addition to other pe....
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....nal interest under Section76 of the Finance Act, 1994 Reply By Pradeep Khatri: The Reply: Yes, penalty up-to Rs. 20000/- is imposable and interes @ 18% p.a. is leviable. Reply By Pradeep Khatri: T....
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....he Reply: Yes, penalty up-to Rs. 20000/- is imposable and interes @ 18% p.a. is leviable. Reply By Pradeep Khatri: The Reply: Yes, penalty up-to Rs. 20000/- is imposable and interes @ 18% p.a. is l....
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....eviable. Reply By Pradeep Khatri: The Reply: Yes, penalty up-to Rs. 20000/- is imposable and interes @ 18% p.a. is leviable. Reply By sv bhasker: The Reply: dear pradeepji It appears to me that p....
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....enalty of Rs 20000/- is payable for late submission of returns under Section 70 and not for late payment of service tax which is the question. I may add now that interest is 15% in case of service pro....
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....viders whose taxable value is less than 60 lakhs in a year. In absence of citing Section 76,it appears that you are not in agreement with me on the interest under the said Section. Pl correct me if I....
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.... am wrong. Regards<br> Discussion Forum - Knowledge Sharing ....