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
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
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.
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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