matter of excise

This query is : Resolved

Guest

Guest (Querist)

30 October 2010 respected to all of expert,
plz tell me what will panelty to late deposit quartely return of excise. it is not more than 2000 or 10000
plz sir reply so soon

regards
raju

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
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01 November 2010 AS PER SECTION 70(1) wef 11.05.2007 MAKE PROVISION FOR LATE FILING RETURN WHICH CAN BE UP TO RS. 2000.00 .

LATE FEE PAYMENT AS FOLLOWS:-
UP TO 15 DAYS -------- RS. 500.00
BEYOND 15 DAYS --UP TO 30 DAYS --- RS. 1000.00

DELAYS BEYOND 30 DAYS -RS. 1000+RS.100PER DAY OF DELAY BEYOND 30 DAYS TO 31 DAYS

MAXIMUM ---------- RS. 2000.00 AS PER RULES 7(C) OF SERVICE TAX RULES, 1994.

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