Substitution of Section 77 of Finance Act, 1994 - Penalty for contravention of rules and provisions of Act for which no penalty is specified elsewhere.

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..... s specified elsewhere. "77. (1) Any person,— (a) who is liable to pay service tax, or required to take registration, fails to take registration in accordance with the provisions of section 69 or rules made under this Chapter shall be liable to pay a penalty which may extend to five thousand rupees or two hundred rupees for every day during which such failure continues, whichever is higher, startin .....

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..... e thousand rupees or two hundred rupees for every day during which such failure continues, whichever is higher, starting with the first day after the due date, till the date of actual compliance; (d) who is required to pay tax electronically, through internet banking, fails to pay the tax electronically, shall be liable to a penalty which may extend to five thousand rupees; (e) who issues invoice .....

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