SERVICE TAX CONCEPTS - Webs

Rs. 500 for a delay of 15 days from the prescribed date. Rs. 1000 where the delay is between 15 and 30 days from the prescribed date. Rs. 1000+ Rs. 100 per day of delay where the delay is beyond 30 days from the prescribed date but not exceeding Rs. 2000 in terms of Section 70.(Now the maximum penalty is increased from Rs 2000 to 20,000) ................
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