penalty for late filing of service tax return
This query is : Resolved
16 July 2011
Dear Sir,
what is the penalty for late filing of s.tax return. in which date penalty will be effective of Rs. 20000/- (maximum). It is also applicable for nil return. If yes, is it reasonable and is it also reasonable that penatly has been increased from 2000/- to 20000/-
THANKS
SURENDRA
what is the penalty for late filing of s.tax return. in which date penalty will be effective of Rs. 20000/- (maximum). It is also applicable for nil return. If yes, is it reasonable and is it also reasonable that penatly has been increased from 2000/- to 20000/-
THANKS
SURENDRA
U S Sharma
(Expert)
17 July 2011
for nil return, no penalty till 28/02/2011
CA. Krishna K Neeraj
(Expert)
18 July 2011
Please refer CBEC circular - F. No. 137/58/2007 - CX.4 dated 29/03/2007 in which Board has clarified that where a person who is not liable to pay service tax, he is not required to file service tax return and therefore there is no question of levying penalty.
So far i know this circular is still in force
So far i know this circular is still in force
18 July 2011
Yes I agree with Krishna
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
- Depreciation Chart Companies Act
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Accounting treatment of AMC alongwith the purchase of Laptop
- Unable to File TDS Q2 Return – New TRACES Portal Error
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- MSME disclosure and disallowance
- Issuing of delivery challan by seller of goods
- Taxation of crypto futures in India Fy 2026- 2027
- Transfer of Physical Stock Between Two Proprietorship Concerns
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
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
