Penalty Amount for filing of returns ?
This query is : Resolved
06 July 2011
One of my Client has to file his Service Tax Return in “NIL” from the Finical Year 2006-2007 to 2010-2011. What amount of Penalty he have to pay for each Return Rs.2000/-; Rs.5000/- or Rs.20,000/- ? Please Reply. Thanks.
06 July 2011
Under Service tax rules, penalty for late submission of ST-3 return has been revised wef FY 2011-12 from max: Rs2000/ to Rs 20000/-.Since client to submit ST 3 of PY FY 2006-07 to FY 2010-11, max: amount sahall be applicable even if reurn is NIL.
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