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Credit for Penalty, Service Tax |
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Credit for Penalty |
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Can an assessee take the credit of the penalty deposited alongwith the tax? Posts / Replies Showing Replies 1 to 1 of 1 Records Page: 1
Penalties are levied for non compliances of an Act, Rule etc. and are in punitive nature. Hence, no Service Tax will be allowed on penalties. Page: 1 Old Query - New Comments are closed. |
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