Levy of penality
This query is : Resolved
07 March 2012
As i had filed the service tax return for the period September 2010 to March 2011 on 16.02.2012. how much will be the penalty for the late filing of the return, I heard that the maximum penalty will be Rs.2,000/- upto 31.03.2011. but after that the maximum penalty will be Rs.20,000/- is it correct.
Waiting for the experts reply.
Waiting for the experts reply.
07 March 2012
As per Section 70(1) & Rule 7C Penalty are as under
delay upto 15 Days 500
Delay upto 15-30 days 1000
and delay beyond 30 days 1000 plus 100/day subject to maximum 20000/-
Provided the total amount payable
in terms of this rule shall not
exceed the amount specified in
Sec.70 of the Act.
delay upto 15 Days 500
Delay upto 15-30 days 1000
and delay beyond 30 days 1000 plus 100/day subject to maximum 20000/-
Provided the total amount payable
in terms of this rule shall not
exceed the amount specified in
Sec.70 of the Act.
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Off Market debit and credit transaction
- Itr 1 processing
- Showing Gift from relative in ITR for this year
- ITR returnFY25-26
- ITR selection for salaries and capital gain less than L
- INCOME TAX ON REDEVELOPEMENT OF FLAT
- ITR 2 Short Term gain & Long term gain
- Form 10E u/s 89(1). Need clarification because experts opinions differ !!!!
- Short Term Capital gain on shares bought and sold after 2018 onwards
- Share accounting-->fifo - capital gain - period as per fifo?
- ITR 1: Details for showing Exempt Income
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
