There was a delay of 10 days in payment of service tax of ₹5 lakh by Vijay, an assessee. The penalty payable for delayed payment is

CS Executive · Tax Laws and Practice · PYQS · June 2015
There was a delay of 10 days in payment of service tax of ₹5 lakh by Vijay, an assessee. The penalty payable for delayed payment is
(A) ₹1,613
(B) ₹1,000
(C) ₹3,226
(D) None of the above.

Answer & Explanation:

Correct Answer: Option (A)

Official answer key: (A), (D).

Topics: Service Tax

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