Ram Avtar Singh
Sultanpur,U.P. Delhi
[ Scorecard : 12587]
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Posted On 22 June 2009 at 18:22
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Penalty for non-filing or delayed filing of the Service tax Returns
If a person fails to furnish the ST-3 Return within the due date [25th October and 25th April every year] he shall be liable to penalty which may extend to Rs. Five thousand rupees (Section 77 of the Act)
Mandatory Penalty for Late filing of ST-3 Return under Rule 7C of Service Tax Rules, 1994
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SL. No.
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Period of Delay from the prescribed date
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Penalty
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1
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1 15 days
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Rs.500/-
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2
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2 Beyond 15 days but not later than 30
days
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Rs.1000/-
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3
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Beyond 30 days
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Rs.1000/- plus Rs. 100/- for every day
from the thirty first day till the date of
furnishing the said return (not exceeding Rs.2000)
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CA. Rashi Goyal
Chartered Accountant
[ Scorecard : 505]
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Posted On 22 June 2009 at 18:29
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If the maximum penalty is Rs. 2000.00 under violation of condition no. 3.than how can it extend to Rs. 5000.00
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RAKESH
CA
[ Scorecard : 2171]
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Posted On 22 June 2009 at 18:46
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How it can get increase from 2000 (maximum penalty ) to 5000. Please reply :-):-).
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Ram Avtar Singh
Sultanpur,U.P. Delhi
[ Scorecard : 12587]
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Posted On 23 June 2009 at 10:22
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Rs. 2000 /= Mandatory Penalty for Late filing of ST-3
but if you are in surch conduted by authority none filing of ST-3 then penality up to Rs. 5000/=
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Pavan Jain S
Chartered Accountant
[ Scorecard : 1458]
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Posted On 23 June 2009 at 10:45
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The maximum penalty for delayed filing or non filing can in no case exceed Rs. 2000
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VIJAY SHARMA
ARTICAL SHIP TRAINING
[ Scorecard : 42]
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Posted On 14 June 2011 at 17:40
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Pls sir,Tell me one thing is Penalty for non filling or delayed filing of service tax return has been incresed from Rs.2000 to Rs.20000/-.from Finace bill 2011.Is it from retrospective or it is from Prospective effect.
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