Monthly return
This query is : Resolved
25 February 2012
CAN ANYONE PLEASE TELL ME WHAT IS THE INTEREST RATE FOR LATE FILLING OF CENTRAL EXCISE RETURN AND ALSO THE PENALTY ?
RAMESH KUMAR VERMA
(Expert)
27 February 2012
Section 70 contains the provisions for furnishing returns. Therein it is prescribed that in case of delay in furnishing of return a late fee not exceeding Rs. 2000 will be charged. Now, vide the Finance Bill, 2011 the maximum penalty for delay in filing of return under Sector 70 is proposed to be increased to Rs. 20, 000/-.
for explaining purpose link is:
https://www.simpletaxindia.net/2011/03/penalty-for-late-filing-of-service-tax.html
for explaining purpose link is:
https://www.simpletaxindia.net/2011/03/penalty-for-late-filing-of-service-tax.html
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