penelty for late filing of S.T. 3 retun

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

27 May 2010 we are filing servce tax retun for half year ending octobet - march - 2010 for which due date is 25 apil 2010, and we file return on 27.05.10, please advicde me, please advice me how much penelty we liable to pay

Shyam Lal Naik

Shyam Lal Naik (Expert)
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27 May 2010 Rs. 1200/-, Refer Rule 7C of Service Tax Rules, 1994

Shyam Lal Naik

Shyam Lal Naik (Expert)
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27 May 2010 It is not penalty. It is late fee.

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Guest

Guest (Expert)

27 May 2010 If Half-yearly Service Tax Return (ST-3 / ST-3A) is filed after the due date of return filing then, the assessee is required to deposit late fees depending upon the period of delay. Such late fee can be a maximum of Rs. 2,000/- [ Please Refer : Section 70(1), Finance Act, 1994)

However, according to the provisions of Service Tax Rules, 1994 (Rule 7C) some allowance is available to the assessee for if the delay in filing of return is within specified period as shown under. [Please Refer : Rule 7C, Service Tax Rules, 1994]

Delay in Filing of Return After the Due Date Late Fees
First 15 days Rs. 500/-

More than 15 days
but not more than
30 days Rs. 1000/-

More than 30 days Rs.1000 + 100 per day beyond 30 days

The Late Fee in any case Cannot Exceed Rs. 2,000/-