service tax not paid electronically, Service Tax

[MANISH KHANNA]

Penalty is sought to be issued u/s 77 for failure to pay service tax electronically. Could you please give case laws in favour of assessee

Thanks

Manish Khanna

Posts / Replies

[Pradeep Khatri]

Dear Manish,

You may implore for reduction of penalty on the basis of bona-fide believe for non deposit of service tax electronically. This is the only way out.

Regards

Team YAGAY and SUN

(Management and Indirect Tax Consultants)

[Naveed S]

The only consolation is that the Penalty for above under section 77(1) (d) cannot exceed ten thousand rupees and same is effective from 08.04.2011. Prior it was upto five thousand rupees.

Efforts to reduce/waive the penalty shall only result in more waste of time and money. It is advisable to pay the penalty and close the issue, except if u have any genuine reason with supportive evidence.