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Service Tax Penalties and Interest

This quiz will test your knowledge on Service Tax Penalties and Interest.

15 Questions Published
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Questions

Question 1 Multiple Choice (Single Answer)

What is the penalty for non-payment of service tax?

  1. 10% of the tax amount
  2. 25% of the tax amount
  3. 50% of the tax amount
  4. 100% of the tax amount
Question 2 Multiple Choice (Single Answer)

What is the penalty for late filing of service tax returns?

  1. Rs. 100 per day
  2. Rs. 200 per day
  3. Rs. 500 per day
  4. Rs. 1,000 per day
Question 3 Multiple Choice (Single Answer)

What is the interest rate on service tax arrears?

  1. 12%
  2. 15%
  3. 18%
  4. 24%
Question 4 Multiple Choice (Single Answer)

What is the maximum penalty that can be imposed for service tax offences?

  1. Rs. 10,000
  2. Rs. 25,000
  3. Rs. 50,000
  4. Rs. 1,00,000
Question 5 Multiple Choice (Single Answer)

Who is responsible for paying service tax?

  1. The service provider
  2. The service recipient
  3. Both the service provider and the service recipient
  4. None of the above
Question 6 Multiple Choice (Single Answer)

What are the different types of service tax returns?

  1. ST-1
  2. ST-2
  3. ST-3
  4. All of the above
Question 7 Multiple Choice (Single Answer)

When is the due date for filing service tax returns?

  1. 15th of the month following the month in which the service is provided
  2. 30th of the month following the month in which the service is provided
  3. 15th of the second month following the month in which the service is provided
  4. 30th of the second month following the month in which the service is provided
Question 8 Multiple Choice (Single Answer)

What is the penalty for non-filing of service tax returns?

  1. Rs. 10,000
  2. Rs. 25,000
  3. Rs. 50,000
  4. Rs. 1,00,000
Question 9 Multiple Choice (Single Answer)

What is the interest rate on service tax refunds?

  1. 6%
  2. 9%
  3. 12%
  4. 15%
Question 10 Multiple Choice (Single Answer)

What is the time limit for filing a refund claim for service tax?

  1. One year from the date of payment of service tax
  2. Two years from the date of payment of service tax
  3. Three years from the date of payment of service tax
  4. Four years from the date of payment of service tax
Question 11 Multiple Choice (Single Answer)

What are the different modes of payment of service tax?

  1. Cash
  2. Cheque
  3. Demand Draft
  4. All of the above
Question 12 Multiple Choice (Single Answer)

What is the penalty for non-payment of service tax by a person who is not required to file a return?

  1. Rs. 1,000
  2. Rs. 2,000
  3. Rs. 5,000
  4. Rs. 10,000
Question 13 Multiple Choice (Single Answer)

What is the penalty for non-maintenance of records by a service provider?

  1. Rs. 5,000
  2. Rs. 10,000
  3. Rs. 25,000
  4. Rs. 50,000
Question 14 Multiple Choice (Single Answer)

What is the penalty for obstruction of a service tax officer in the discharge of his duties?

  1. Rs. 10,000
  2. Rs. 25,000
  3. Rs. 50,000
  4. Rs. 1,00,000
Question 15 Multiple Choice (Single Answer)

What is the penalty for false declaration in a service tax return?

  1. Rs. 10,000
  2. Rs. 25,000
  3. Rs. 50,000
  4. Rs. 1,00,000
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