Late filling fees under service tax

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This query is : Resolved

karan (Querist)

25 October 2013 What Will be late fee paid for late filling of service tax return please justify amunt & latest notification ?

CA Vikas Acharya

CA Vikas Acharya (Expert)

26 October 2013 service tax rules : rule(7C).
Amount to be paid for delay in furnishing the prescribed return.--- Where the return
prescribed under rule 7 is furnished after the date prescribed for submission of such return, the person
liable to to furnish the said return shall pay to the credit of the Central Government, for the period of
delay of-
(i) fifteen days from the date prescribed for submission of such return, an amount of five hundred
rupees;
(ii) beyond fifteen days but not later than thirty days from the date prescribed for submission of
such return, an amount of one thousand rupees; and
(iii) beyond thirty days from the date prescribed for submission of such return an amount of one
thousand rupees plus one hundred rupees for every day from the thirty first day till the date
of furnishing the said return:
Provided that the total amount payable in terms of this rule, for delayed submission of return, shall not exceed the amount 20000:

1
[Provided also that where the gross amount of service tax payable is nil, the Central Excise officer
officer may, on being satisfied that there is sufficient reason for not filing the return, reduce or waive the
penalty.]

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