Credit for Penalty

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....redit for Penalty<br> Query (Issue) Started By: - Harsh Jindal Dated:- 25-8-2012 Last Reply Date:- 25-8-2012 Service Tax<br>Got 1 Reply<br>Service Tax<br>Can an assessee take the credit of the penalty....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... deposited alongwith the tax? Reply By Pradeep Khatri: The Reply: Penalties are levied for non compliances of an Act, Rule etc. and are in punitive nature. Hence, no Service Tax will be allowed on p....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....enalties.<br> Discussion Forum - Knowledge Sharing ....