Under what situations, penalty may be imposed by the Department on the assessee?
Ans. Penalty may be imposed by the Department on the Assessee if he • fails to pay service tax to the government in time. • fails to file half-yearly return to the department in time. • wilfully suppresses or conceals the value of taxable service or furnish inaccurate value of such taxable service. • Fails to comply with a notice requiring him to produce within the specified time limit, such accounts, documents or other evidence as considered necessary by the Central Excise officer for assessment.
