Professional Documents
Culture Documents
June, 2016
Gujarat Edition
21
Useful Charts
for Tax Compliance
Covering:
Income Tax
Companies Act
Service Tax
GVAT
PF - ESIC
Excise
TDS/TCS Rates
Disclaimer :
All efforts have been made to avoid errors or omissions in this book. However, errors may happen. Neither the publishers,
nor the authors or sellers will be responsible for any damage or loss of action to any one, of any kind, in any manner.
No part of this book may be reproduced or copied in any form or by any form or by any means without the written
permission of the publishers.
All disputes are subject to Ahmedabad Jurisdiction only.
Note from Publisher :
With multiple laws and complex compliance requirements, one has to keep referring to several publications and web sites.
This book is an attempt to bring several areas of legal compliance at a single place in a very simple and easy manner.
We are sure our readers will benefit from this useful compilation.
We welcome your comments at amish@kmsindia.in
2012-13
2013-14
2014-15
2015-16
2016-17
(Estimated)
11,38,734
12,45,136
14,59,811
16,31,138
Corporation Tax
3,56,326
3,94,678
4,28,925
4,52,970
4,93,923
Income Tax
2,01,486
2,42,857
2,58,326
2,91,653
3,45,776
Customs
1,65,346
1,72,085
1,88,016
2,09,500
2,30,000
Central Excise
1,76,535
1,70,197
1,88,128
2,83,353
3,17,860
Service Tax
1,32,601
1,54,778
1,67,969
2,10,000
2,31,000
INDEX
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
13.
14.
15.
VAT - Gujarat............................................................18
16.
17.
18.
19.
20.
21.
Assessment
Year
2017-18
General
Rate
Nil
10%
20%
30%
Upto 2,50,000
2,50,001 to 5,00,000
5,00,001 to 10,00,000
Above 10,00,000
Upto 3,00,000
Upto 5,00,000
3,00,001 to 5,00,000
5,00,001 to 10,00,000 5,00,001 to 10,00,000
Above 10,00,000
Above 10,00,000
2016-17
General
Rate
Nil
10%
20%
30%
Cess @3%
Upto 2,50,000
2,50,001 to 5,00,000
5,00,001 to 10,00,000
Above 10,00,000
Upto 3,00,000
Upto 5,00,000
3,00,001 to 5,00,000
5,00,001 to 10,00,000 5,00,001 to 10,00,000
Above 10,00,000
Above 10,00,000
Cess @3%
30.900*
33.063
34.608
19.055
20.389
21.342
41.200
42.024
43.260
19.055
19.436
20.008
30.900
34.608
19.055
21.342
* In case of Domestic company having turnover of less than ` 5 crore during F.Y. 2014-15, the tax rate will be 29% for A.Y. 2017-18
Upto ` 10,000
` 10,001 to ` 20,000
Above ` 20,000
Surcharge
If income upto ` 1 Crore
If income Exceeds ` 1 Crore
Education Cess
Secondary and Higher Education Cess
10%
20%
30%
Nil
12%
2%
1%
19.055
21.342
Rates
Payable By
0.10%
Purchaser / Seller
0.025%
0.05%
0.125%
Seller
Seller
Purchaser
0.01%
Seller
0.001%
0.20%
Seller
Seller
Applicable On
Dividend Distribution
Tax on buyback of unlisted shares
Income distribution to investors : Individual/HUF
Income distribution to investors : Other persons
Section
115-O
115QA
115TA
115TA
Rate
20.358
23.072
28.840
34.608
4
Assessment Year 2017-18
Nature of payments
made to resident
Sec.
194A
Description
Threshold
Limit
Amount
Company Firm
If No PAN
Individual
Co-op Soc.
Or
HUF
Local Authority
Invalid PAN
Rate
Rate
Rate
10,000
10
10
20
5,000
10
10
20
10,000
30
30
30
30,000
20
1,00,000
20
15,000
5/10*
20
1,00,000
20
15,000
20
Rent
1,80,000
10
10
20
Rent-Plant / Machinery
1,80,000
20
30,000
10
10
20
10
10
20
2,500
10
10
20
10,000
30
30
30
20
20
20
15,000
20
2,50,000
10
10
20
50,00,000
20
194C
194J
Professional Fees
Director Fees
194
Dividends
Section
194B
194BB
194E
194F
194G
194G
194LB
194LC
194LD
196B
196C
196D
195
a
b
(i)
(ii)
c
d
e
(i)
(i)
(ii)
f
(i)
(ii)
g
Nature of Payments
Upto `
1 Crore
More
than
`1
Crore*
More than
`
More
Upto ` 1 Crore
than
1 Crore but upto ` 10
`
Crore
10 Crore
30.900
30.900
20.600
20.600
10.300
5.150
5.150
5.150
5.150
10.300
10.300
20.600
35.535
35.535
23.690
23.690
11.845
5.923
5.923
5.923
5.923
11.845
11.845
23.690
30.900
30.900
20.600
NA
10.300
5.150
5.150
5.150
5.150
10.300
10.300
20.600
31.518
31.518
21.012
NA
10.506
5.253
5.253
5.253
5.253
10.506
10.506
21.012
32.445
32.445
21.630
NA
10.815
5.408
5.408
5.408
5.408
10.815
10.815
21.630
20.600
23.690
NA
NA
NA
10.300
20.600
15.450
20.600
11.845
23.690
17.768
23.690
10.300
20.600
15.45
20.600
10.506
21.012
15.759
21.012
10.815
21.630
16.223
21.630
10.300
11.845
30.900
10.300
35.535
11.845
30.900
10.300
30.900
35.535
11.845
35.535
5
Assessment Year 2017-18
Nature of Goods
Resident
Any
Amount
Non-Resident
Upto
`
1 Crore
More
than
`
1 Crore*
1.000
1.030
1.185
1.030
1.051
1.082
1.000
1.030
1.185
1.030
1.051
1.082
Tendu leaves
5.000
5.150
5.923
5.150
5.253
5.408
2.500
2.575
2.961
2.575
2.626
2.704
2.500
2.575
2.961
2.575
2.626
2.704
Any other forest produce not being timber or tendu leaves 2.500
2.575
2.961
2.575
2.626
2.704
Scrap
1.000
1.030
1.185
1.030
1.051
1.082
1.000
1.030
1.185
1.030
1.051
1.082
2.000
2.060
2.369
2.060
2.101
2.163
1.000
1.030
1.154
1.030
1.051
1.082
1.000
1.030
1.154
1.030
1.051
1.082
1.000
1.030
1.154
1.030
1.051
1.082
(w.e.f. 01-06-16)
Sr.
Type of loss
1. House Property
2. Speculation
3. Unabsorbed Depreciation /
Cap Exp on SR / Family Plan
4. Other business losses
5. Short Term Capital Losses
6. Long Term Capital Losses
7. Owning / Maintaining race horses
8. Specified Business u/s 35AD
* No Loss can be set off against winning from lotteries, crossword puzzles, races including horse race, card games and any sort of
receipt from gambling or betting of any form or nature.
* For Loss to be carried forward for future periods, Return of loss must be filed in time.
7
Assessment Year 2017-18
Particulars
Short-Term Capital
Long-Term Capital
15%
Nil
Slab rates
Unlisted - 10%
Resident Individuals
Slab rates
non-resident)
30%
Resident Companies
30%
40% (corporate)
section 115AB
30% (non-corporate)
10%
FIIs
30%
10%
40%
20% / 10%
Local authority
30%
Co-operative society
These rates will further increase by applicable surcharge & education cess.
8
F.Y.
1981-82
1982-83
1983-84
1984-85
1985-86
1986-87
1987-88
1988-89
1989-90
INDEX
100
109
116
125
133
140
150
161
172
F.Y.
1990-91
1991-92
1992-93
1993-94
1994-95
1995-96
1996-97
1997-98
1998-99
INDEX
182
199
223
244
259
281
305
331
351
F.Y
1999-00
2000-01
2001-02
2002-03
2003-04
2004-05
2005-06
2006-07
2007-08
INDEX
389
406
426
447
463
480
497
519
551
F.Y.
2008-09
2009-10
2010-11
2011-12
2012-13
2013-14
2014-15
2015-16
2016-17
INDEX
582
632
711
785
852
939
1024
1081
1125
Business
(i) Small Business [excluding (ii)]
[Section 44AD] (Note : a, b, c, d)
Business
Shipping (b)
Exploration of mineral oil (b)(c)
Operations of Aircraft (b)
Turnkey power projects (b)(c)
(a) The assessee is eligible for the option of Presumptive Taxation if the gross receipts of the taxpayer does not
exceed ` 2 Crore in case of business and ` 50 lakh in case of professional
(b) All deductions/expenses (including depreciation) shall be deemed to have been allowed.
(b1) Additional deduction of partners's interest & remuneration in case of firm is allowed.
(c) The taxpayer can claim lower profits, if he keeps and maintains specified books of accounts and gets its
account audited u/s.44AB
(d) Applicable to Individuals, Hindu Undivided Families and Firm - excludes LLP, tax payer availing deduction
under Section 10A/10AA/10B/10BA or Chapter VI-A(C) of the Act.
10
Description
Rate
Period From
Due date
Due date
Period To
Section
1st April of AY
234A
234B
Due date
Date of payment/credit
Date of deduction
Due date
Date of refund
234C
201(1A)
201(1A)
115P
234D
10
234A
Audit Requirements
11
Presumptive Taxation
Audit
Particulars Requirement
Section 44AE
Other than
Presumptive
Taxation
Section 44AB
Audit is
Turnover is less than
not required ` 2 Crore and profit is 8%
of T/o or more
Audit is
required
1) 10 or more vehicles OR
Turnover is more
2) Income is less than ` 7,500 than ` 1 Crore
per month / per vehicle
Profession Audit is
Gross receipt upto ` 50 lakhs and
not required profit is 50% of gross receipt or more
Audit
required
Turnover is less
than ` 1 Crore
Gross receipt
more than ` 50
lakhs
Advance Tax
Due Date
15th June
Up to 15%
---
15th Sep
Up to 45%
---
15th Dec
Up to 75%
---
15th Mar
100%
100%
Note : Advance tax is not applicable if tax liability is less than ` 10,000/- or assessees covered U/s 44ADA
* Only for Assessees referred to in Section 44AD
Partner Remuneration
Book Profit
Loss
Maximum ` 1,50,000
Upto ` 3,00,000
12
Penalty
Default
Non Payment
Tax Payments including Self Assessment Tax
Failure to Comply
Failure to answer any question put to a person
Failure to sign any statement made by a person in
course of income tax proceeding
Failure to comply summons issued u/s.131(1)
Failure to comply with a notice u/s. 142(1) or 143(2) or
142(2A) [w.e.f. A.Y. 2017-18]
Concealment
Where search has been initiated on or after 1-7-2012
and undisclosed income found for specified previous year:
(a) if assessee admits the undisclosed income during
search subject to conditions;
(b) if assessee admits in the return of income filed after
the search subject to conditions;
(c) if not covered by (a) or (b)
Books, Audit, Loans
Failure to keep, retain books U/S 44AA
Failure to get books audited U/S 44AB
Taking loan in contravention of Sec 269SS
Repayment of loan in contravention of Sec 269T
Failure to furnish return u/s 139(1) before end of AY
TDS
Failure to deduct in part or full
Failure to collect tax in part or full
Quoting false TAN in challan / statements
Failure to apply for TAN
Failure to furnish eTDS statement
Failure to furnish TDS Certificate
International transactions
Failure to keep and maintain any information or
document as required by Sec 92D(1)/(2).
Failure to furnish information document as required
u/s. 92D(4). (w.e.f. A.Y. 2017-18)
Failure to furnish a report from an accountant as
required u/s. 92E.
12
Section
221(1)
272A(1)(a)
272A(1)(b)
272A(1)(c)
272A(1)(d)
271AAB
(a) 10% of undisclosed income
(b) 20% of undisclosed income
(c) 60% of undisclosed income
` 25000
0.5% of gross sales Maximum
` 1.50 Lakh
Equal to amount of loan taken
Equal to amount of loan repaid
` 5000
271A
271B
271D
271E
271F
271C
271CA
272BB(1A)
272BB(1)
271 H
272A(2)(g)
2% of the value
271AA(1)
` 5 lakh
271AA(2)
` 1 lakh
271BA
13
Block
Nature of Asset
Rate of
Depreciation
Block-1
Block-2
Block-3
Building
Residential building other than hotels and boarding houses
Office, factory, godowns or building - not mainly residential purpose
Temporary erections such as wooden structures
5
10
100
Block-4
Furniture
Furniture - Any furniture / fittings including electricals fittings
10
100
Intangible Assets
Block-13 Intangible assets (acquired after march 31, 1998) - Know-how, patents,
copyrights, trademarks, licences, franchises and any other business or
commercial rights of similar nature
25
Block-5
13
15
20
30
40
50
60
80
Nature of Asset
Useful
Life
I. Buildings
(a) Buildings (other than factory buildings) RCC Frame Structure
(b) Buildings (other than factory buildings) other than RCC Frame Structure
(c) Factory buildings
(d) Fences, wells, tube wells
(e) Others (including temporary structure, etc.)
II. Bridges, culverts, bunders, etc
III. Roads
(a) (i) Carpeted Roads-RCC
(ii) Carpeted Roads-other than RCC
(b Non-carpeted roads
IV. Plant and Machinery
(i) General rate applicable to plant and machinery not covered under special
plant and machinery
(a) Plant and Machinery other than continuous process plant
(b) continuous process plant
(ii)Special Plant and Machinery
(a) Production and exhibition of Cinematograph films
(b) Plant and Machinery used in glass manufacturing
Recuperative and regenerative glass melting furnaces
Moulds
Float Glass Melting Furnaces
(c) Portable underground machinery and earth moving machinery used in open cast mining
(d) Plant and Machinery used in Telecommunications
Towers
Telecom transceivers, switching centres, transmission and network equipments
TelecomDucts, Cables and optical fibre
Satellites
(e) Plant and Machinery used in exploration, production and refining oil and gas
Refineries | Oil and gas assets | Petrochmical plants| Storage Tanks
Pipelines | Drilling Rigs
Field operations (above ground) | Loggers
(f) Plant and Machinery used in generation, transmission and distribution of power
Generation Plants :Thermal/ Gas/ Combined Cycle | Hydro | Nuclear | Transmission Lines
Generation Plants : Wind
Distribution Plants : Electric
Distribution and Storage Plants : Gas | Distribution Plants : Water
(g) Plant and Machinery used in manufacture of steel
Sinter Plant | Blast Furnace | Coke ovens | Rolling mill in steel plant
Basic oxygen Furnace Converter
(h) Plant and Machinery used in manufacture of non-ferrous metals
Metal pot line | Bauxite crushing and grinding section | Digester Section | Turbine | Equipments
for Calcination | Copper Smelter | Roll Grinder
Soaking Pit | Annealing Furnace | Rolling Mills | Equipments for Scalping, Slitting , etc.
Surface Miner, Ripper Dozer, etc., used in mines | Copper refining plant
(i) Plant and Machinery used in medical and surgical operations
Electrical Machinery, X-ray and electrotherapeutic apparatus and accessories thereto,
medical, diagnostic equipments, namely, Cat-scan, Ultrasound Machines, ECG Monitors, etc.
Other Equipments
14
Assuming 5%
Salvage Value
SLM(%) WDV(%)
60
30
30
5
3
30
1.58
3.17
3.17
19.00
31.67
3.17
4.87
9.50
9.50
45.07
63.16
9.50
10
5
3
9.50
19.00
31.67
25.89
45.07
63.16
15
25
6.33
3.80
18.10
11.29
13
7.31
20.58
13
8
10
8
7.31
11.88
9.50
11.88
20.58
31.23
25.89
31.23
18
13
18
18
5.28
7.31
5.28
5.28
15.33
20.58
15.33
15.33
25
30
8
3.80
3.17
11.88
11.29
9.50
31.23
40
22
35
30
2.38
4.32
2.71
3.17
7.22
12.73
8.20
9.50
20
25
4.75
3.80
13.91
11.29
40
2.38
7.22
30
25
3.17
3.80
9.50
11.29
13
7.31
20.58
15
6.33
18.10
Nature of Asset
Useful
Life
15
Assuming 5%
Salvage Value
SLM(%) WDV(%)
20
4.75
13.91
12
20
15
10
9
12
15
7.92
4.75
6.33
9.50
10.56
7.92
6.33
22.09
13.91
18.10
25.89
28.31
22.09
18.10
10
8
9.50
11.88
25.89
31.23
10
6
8
9.50
15.83
11.88
25.89
39.30
31.23
25
20
25
20
30
3.80
4.75
3.80
4.75
3.17
11.29
13.91
11.29
13.91
9.50
20
25
15
10
14
4.75
3.80
6.33
9.50
6.79
13.91
11.29
18.10
25.89
19.26
13
28
20
7.31
3.39
4.75
20.58
10.15
13.91
15
15
5
6.33
6.33
19.00
18.10
18.10
45.07
6
3
15.83
31.67
39.30
63.16
10
5
10
15
9.50
19.00
9.50
6.33
25.89
45.07
25.89
18.10
14
Date
30/09/2016
-
Fees For Filing Various Documents or For Registering any Fact Under Companies Act, 2013
(Except for Form No SH. 7)
Compliance
Fees
`
`
`
`
`
200
300
400
500
600
OPC &
Small Companies
1000
2500
N/A
N/A
N/A
2000
5000
10000
15000
20000
2000
2000
5000
500
Period of Delay
Form No. SH 7
from 31st day up to 6 month
(increase in Share Capital) 2.5% pm on normal fee
Other Documents
i) Upto 15 days (Sec. 93, 139 & 157)
ii) More than 15 days and upto 30 days
iii) More than 30 days and upto 60 days
iv) More than 60 days and upto 90 days
v) More than 90 days and upto 180 days
vi) More than 180 days and upto 270 days
16
Beyond 6 Months
3% pm on normal fee
One time of normal filing fee
Two times of normal filing fee
Four times of normal filing fee
Six times of normal filing fee
Ten times of normal filing fee
Twelve times of normal filing fee
Company
Rs. 100
LLP
Rs. 50
Rs. 100
Rs. 25 per page
Rs. 50
Rs. 5 per page
e-Form
INC-1
INC-7
INC-22
DIR-12
Particulars of appointment of Directors and the key managerial personnel and the changes
among them
DPT-3
Return of deposits
ADT-1
ADT-3
DIR-11
MGT-14
10
PAS-3
Return of allotment
11
MGT-7
12
AOC-4
Form for filing financial statement and other documents with the Registrar
13 AOC-4(CFS) Form for filing consolidated financial statements and other documents with the Registrar
14 AOC-4 XBRL Form for filing XBRL document in respect of financial statement and other documents with
the Registrar
15
SH-7
17
VAT - Gujarat
15
Periodicity
Monthly
Quarterly
Annual
Criteria
GVAT/CST paid more
than ` 60,000 in
previous F.Y. or current F.Y.,
New Registration, Non
Localized dealer, Import,
Export, Sales in SEZ
GVAT/CST paid upto
` 60,000 in previous F.Y.
Dealers liable to
VAT Audit
Dealers not liable to
GVAT Audit
N.A.
Description
Form No.
Annual Return
General
Specific (For a dealer who has opted lump sum permission to pay tax)
205, 205A
202
CST Return
207
4B
GVAT Audit
Exceeds ` 1 Crore
31st December
Form No. 217
Mandatory e-Filing
18
16
Type
PF Share
PF & Pension Share
EDLI
EDLI*
PF Admin Charges
EDLI Admin Charges
EDLI Admin Charges*
PF Admin Charges
EDLI Admin Charges
ESIC
ESIC
Description
Responsibility
12% OF Basic + DA
12% OF Basic + DA
Of which 8.33% or Max Rs.1250/- Pension share &
3.67% or Difference will be PF share
0.50% of ((Basic + DA) upto 15000/-)
0.00% *(IF EDLI Policy taken from Insurance Company)
0.85% of Basic + DA or Min Rs.500/0.01% of ((Basic + DA) upto 15,000/-)or Min Rs.200/0.005% of ((Basic + DA) upto 15,000/-) or Min Rs.200/*(IF EDLI Policy taken from Insurance Company)
Rs.75/- per month - Where no contributory member
Rs.25/- per month - Where no contributory member
1.75% of Gross Wages
4.75% of Gross Wages
EMPLOYEE
EMPLOYER
EMPLOYER
EMPLOYER
EMPLOYER
EMPLOYER
EMPLOYER
EMPLOYER
EMPLOYEE
EMPLOYER
Salary
Upto ` 5,999
6,000 to 8,999
9,000 to 11,999
12,000 and above
Turnover
NIL
80
150
200
Prof. Tax
Upto ` 2,50,000
NIL
2,50,001 to 5,00,000
500
5,00,001 to 10,00,000
1,250
2,400
th
15 - Payment of PF
th
15 - Payment of Prof. Tax
st
21 - Payment of ESIC
Prof. Tax
District Panchayat
Municipality
Municipal Corporation
Due
D a te s
500
1,000
2,000
19
17
For Financial Year 2016-17
Mon
PF
Payment
April
30
25
21
15
May
31
21
15
June
July
7
7
31
31
15
6
6
21
21
15
15
August
21
15
September
15
21
15
October
31
30
-
25
21
15
November
30*
30
21
15
December
15
21
15
January
31
21
15
February
March
7
7
15
6
6/31
21
21
15
15
18
Description
Time limit
EOU units
Annually, by 30th
November of
succeeding year
Registered Dealers
Quarterly Return
20
19
Period
Basic Exemption Limit
Before 01-04-2005
No Limit
01-04-2005 to 31-03-2007
` 4 Lakhs
01-04-2007 to 31-03-2008
` 8 Lakhs
01-04-2008 onwards
` 10 Lakhs
E-Payment of Service Tax
Period
11-08-2007 to 23-02-2009
24-02-2009 to 31-03-2012
01-04-2012 to 31-05-2015
01-06-2015 to 14-11-2015
15-11-2015 to 31-05-2016
01-06-2016 onwards
Net Rate
12.36%
10.30%
12.36%
14%
14.5%
15%
# Whose aggregate value of taxable services provided is Rs.50 Lacs or less in Previous F.Y.
@ Whose aggregate value of taxable services provided is more than Rs.50 Lacs in Previous F.Y.
Note : (i) E-Payment of Service Tax is mandatory for ALL assessees w.e.f. 01-10-2014.
(ii) E-Payment will be considered valid up to 8.00 pm of the respective day.
Interest for Delayed Payment
Period
Rate of Interest
01-04-2011 to 30-09-2014
Period
Due Date
April to September
October to March
ST-3 can be revised and submitted again within 90 days from the date of filing of original return.
Annual Return Chart (w.e.f. 01-04-2016)
To be Filed by
30th November
30th November
Annual Return
For Service Tax*
For CENVAT Credit
* Annual Service Tax return can be revised within a period of 1 month from the date of filing of original return.
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20
Sr. No.
of Noti.
26/2012
1.
2.
2A.
3.
4.
5.
6.
7.
7A.
(01-06-2016 Onwards)
Abatement
90%
70%
60%
70%
30%
Effective
Rate
**
**
**
*
1.50%
4.50%
6.00%
4.50%
10.50%
60% **
40% **
40% **
6.00%
9.00%
9.00%
70% #
4.50%
60% #
6.00%
#
@
#
#
#
**
10.50%
6.00%
6.00%
6.00%
6.00%
4.50%
90% $
70% $
70% ^
1.50%
4.50%
4.50%
60% ^
30% ^
30% ^
6.00%
10.50%
10.50%
60% *
40% *
6.00%
9.00%
[w.e.f. 01-04-2016]
8.
9.
9A.
10.
11.
Service Tax
(Determination of
Value) Rules, 2006
12.
*
**
#
^
@
30%
60%
60%
60%
60%
70%
CENVAT credit on any goods classifiable under Chapters 1 to 22 (food articles) of the Central Excise Tariff Act has not been availed.
CENVAT credit on inputs and capital goods has not been availed.
CENVAT credit on inputs, capital goods and input services has not been availed.
CENVAT credit on inputs used for providing the taxable service has not been availed.
CENVAT credit on inputs, capital goods, input services has not been availed. [CENVAT credit of input service of Renting of Motor cab
can be availed by service provider in similar line of business subject to a max. of 40% of the service tax of the value of service received].
$ CENVAT credit on inputs, capital goods, input services has not been availed.. [CENVAT credit of input service of Tour Operator can
be availed. by service provider in similar line of business].
Note : (i) To avail abatement in Entry No. 9, value of all goods (including fuel) supplied by S.R. must be included in amount charged.
(ii) To avail abatement in Entry No. 11(i), bill issued should indicate charges for accommodation
(ii) To avail abatement in Entry No. 12, value of land must be included in the amount charged.
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Penalties
21
Section
70
76
Nature of default
Amount of penalty
Rs. 500
Rs. 1000
Rs. 1000 + Rs. 100 for each day but
not exceeding Rs. 20,000
Max. 10% of Service Tax Amt.
Nil if Service Tax + Interest paid
within 30 days of Service of SCN
25% of penalty if Service Tax
+ Interest + Penalty paid within
30 days of receipt of order
Upto Rs. 10,000
Upto Rs. 10,000
Upto Rs. 10,000 or Rs. 200 per day
till failure, whichever is higher.
78A
* Penalty for offences by director, etc. of company shall be deemed to be closed in cases where the main demand and penalty proceedings
have been closed under section 76 or section 78 of the Act.
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