penalty for non filing of return.

This query is : Resolved

sanjay jaju (Querist)
Follow

15 August 2008 service tax returns from fy 2005-06 are not filed. whether to file return in new form st-3 or old. further, what will be the penalty for late filing. sanjay

pushpendra

pushpendra (Expert)
Follow

17 August 2008 You need to file the return in new format. and according to the rule 7C : Where the return in prescribed form is furninshed after the due date for it submission, the person liable to furnish such return shall pay to the credit of Central Government a fee for such delayed submission, compute as follows:-

delay of 15 days ------------ Rs. 500/-

Beyond 15 days but
up to 30 days from
the due date ----------- Rs. 1000/-

Beyond 30 days from
the due date ----- Rs. 1000 + Rs.100
for every day from
the 31st day till
the date of furnishing
of return; sub. to
maximum of rs. 2000/-

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Vimlesh kumar

nitin

CA K GIRIDHAR

raval umesh

Suvigya Tiwari

Subscribe Now

penalty for non filing of return.

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Senior Executive

GST CONSULTANT

Manager- Finance and Compliance

Accountant

GST CONSULTANCY

CA Final