Deep Ltd. collected service tax from the recipients of service but did not remit the same for more than 7 months. The maximum penalty that could be levied on the director, manager or secretary for the offence would be— (

CS Executive · Tax Laws and Practice · PYQS · June 2016
Deep Ltd. collected service tax from the recipients of service but did not remit the same for more than 7 months. The maximum penalty that could be levied on the director, manager or secretary for the offence would be— (A) ₹10,000 (B) ₹20,000 (C) ₹1,00,000 (D) ₹100 per day of delay.
(A) ₹10,000
(B) ₹20,000
(C) ₹1,00,000
(D) ₹100 per day of delay.

Answer & Explanation:

Correct Answer: Option (C)

Official answer key: (C).

Topics: Service Tax

Open in Interactive Practice Hub · Full Practice Hub · Chapter Weightage · More in this subject

Related Questions in this Topic