Penalty & interest on service tax late payment & late submi

Save Share

This query is : Resolved

HARENDRA SINGH (Querist)
Follow

26 December 2015 Dear Sir,

One of the our assesses has not filled service tax return of previous year 2014-15 also not paid the service tax till.

I requesting to you please advise to me, how to calculate interest of previous Q1, Q2, Q3 & Q4? As well as penalty of late submission of ST3.

Also same in this year 2015-16.

Thanks & Regards,

Harendra Singh

Jitendra Panwar, FCA

Jitendra Panwar, FCA (Expert)
Follow

26 December 2015 Please mention type of assessee: Individual/Firm or Other. The due date of payment is different for each type of assessee and interest amount will be calculated accordingly.

Penalty u/s 70 for late submission of ST return is Rs.20,000/-

HARENDRA SINGH

HARENDRA SINGH (Querist)
Follow

28 December 2015 Thanks so much sir,

Please also confirm to me the penalty Rs 20,000 for both return (Apr-Sept & Oct-March) or each.

2. During the filling of ST-3 the penalty of late submission of ST return Rs.20000/- is mention in part G or not.

Jitendra Panwar, FCA

Jitendra Panwar, FCA (Expert)
Follow

29 December 2015 The penalty Rs.20,000/- is leviable per return as section 70 of Finance Act 1994 provides. You may read section 70 at following link for better understanding.

https://goo.gl/yWqAHh

Feel free to ask me further.

Message likes : 1 times

HARENDRA SINGH

HARENDRA SINGH (Querist)
Follow

30 December 2015 sir one more question, we have uploaded xml file on 19/10/2015 but xml file rejected. till we have not uploaded, we levied for late payment of late submission or not

Jitendra Panwar, FCA

Jitendra Panwar, FCA (Expert)
Follow

30 December 2015 The rejection of return is amounting to not filing a return at all. Therefore you have to file it again. Late fee applicable

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