Late filling of service tax return

This query is : Resolved

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)
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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)
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22 July 2010 maximum 2000/-

Guest

Guest (Querist)

22 July 2010 vt about interest

CA Sanat Pyne

CA Sanat Pyne (Expert)
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22 July 2010 NO INTEREST WILL BE CHARGED FOR LATE FILING OF RETURN.

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