Late filling of service tax return

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Guest

Guest (Querist)

22 July 2010 hey anybudy can tell me the how to deal with a issue of late filling of service tax return. the return still pending. how to deal with the issue

CA Sanat Pyne

CA Sanat Pyne (Expert)

22 July 2010 Due dates to file return:
ST-3 Return is required to be filed twice in a financial year – half yearly.
Return for half year ending 30th September and 31st March are required to be filed by 25th October and 25th April, respectively.

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 an amount not exceeding one thousand rupees (Section 77 of the Act)

Mandatory Penalty for Late filing of ST-3 Return under Rule 7C of Service Tax Rules, 1994

Sl. No.
Period of Delay from the prescribed date
Penalty

1
15 days
Rs.500/-

2
Beyond 15 days but not later than 30 days
Rs.1000/-

3
Beyond 30 days
Rs.1000/- plus Rs. 100/- for every day from the thirty first day till the date of furnishing the said return

Guest

Guest (Querist)

22 July 2010 hey thanks
but can u tell me the maximum penalty and is their any interest on late filling. beause u deposited correct amount but late in return

CA Sanat Pyne

CA Sanat Pyne (Expert)

22 July 2010 maximum 2000/-

Guest

Guest (Querist)

22 July 2010 vt about interest

CA Sanat Pyne

CA Sanat Pyne (Expert)

22 July 2010 NO INTEREST WILL BE CHARGED FOR LATE FILING OF RETURN.

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