Regarding service tax

sujit kumar panda (Querist) 31 January 2014 This query is : Resolved
Dear Sir,
one of my client in delhi have a cyber zone and it is attract service tax.this year up to till he paid the tax but last year it is pending.what is the penalty and interest for late payment of service tax and return.

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ajay sethi (Expert) 31 January 2014
raise query in CA club india .com

Rajendra K Goyal (Expert) 31 January 2014
All depends upon so many factors. Should go through the service tax rules or contact a tax consultant.

Rajendra K Goyal (Expert) 03 February 2014
Penal provision in brief are as under:

Non payment or delayed payment of service tax -
A mandatory penalty, not less than Rs.100/- for every day during which such failure continues or @1% of such tax per month, whichever is higher, shall be
imposed by the adjudicating authority. However, the penalty amount payable shall not exceed fifty percent of the service tax payable. [Section 76 of the Act]
iii.
Non filing / delayed filing of returns:
A mandatory penalty has been prescribed under Rule 7C of the Service Tax Rules, 1994, as also an amount not exceeding Ten Thousand Rupees could be imposed as penalty under sec 77(1)(a) of the Act.

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