Penalty if nil return not filled.

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(Querist)


02 January 2013

Hi,

I want to know , if there is no service tax liability and however returns was misssed to br filled , then what is the penalty???

The returns from April-Sept 2011 was filled , Oct to March 2011 was missed , then the NIL returns for current quater was filled.

Thanks & Regards,
Binita Behl.


Srinivas Reddy (Expert)


02 January 2013

Binita....

One has to file ST returns even though there is no tax liability. Penalty for non filing is as follows

Before finance bill 2011
Delaty in days

Upto 15 Rs.500
15-30 Rs.1,000
> 30 Rs.1,000 + Rs100
per day of delay max. of Rs.2,000

After finance bill 2011
Delaty in days
Upto 15 Rs.500
15-30 Rs.1,000
> 30 Rs.1,000 + Rs100 per day of delay max. of Rs.20,000


Rgds
CA Srinivas Reddy



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