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
17 July 2011
for nil return, no penalty till 28/02/2011
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
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