Late filing of return

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umesh (Querist)
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01 February 2012 one of the person have not filed his service tax return since f.y.2008-09,now he want to file his return,now the current penalty is 20000 rs for late filing of return.whether the penalty is for per quarter or maximum?

CA Nikhil Jhanwar

CA Nikhil Jhanwar (Expert)
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01 February 2012 This penalty is maximum but it may be levied per return filed late......

Dayal

Dayal (Expert)
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02 February 2012 The enhanced penalty is for the financial period 2011-12.

This does not have restrospective effect.

For the preivious period it will be Rs. 2000/- for half yearly returns

Penalty is one time for every half yearly return not filed so in a financial year the penalty would be 4000/- per year

CA Ankit Gulgulia (Jain)

CA Ankit Gulgulia (Jain) (Expert)
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02 February 2012 Enhanced Penalty shall not be applicable for your case . Maximum Penalty shall be Rs 2,000/- per return only.No Retrospective Effects.

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