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Delay in filing of st return , penalty per return , tell ?

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rohit jain

rohit jain (Querist)
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01 February 2012 answerto query : delay in filing of st return , penalty per return , tell ?

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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01 February 2012 the minimum penalty will be Rs500 for a delay of 15 days from the due date of filing of service tax return, which is April 25 for the half year ended from October to March and October 25 for the half year ended April to September, Rs1,000 for a delay of beyond 15 days to 30 days and beyond 30 days it will be Rs1,000 + Rs100 per day till the date of furnishing the return with a maximum penalty of Rs20,000 per return. (Refer Service tax rules 7C)

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