Penalty of service tax
This query is : Resolved
25 October 2013
What is the penalty for late filing of service tax return ? Please help me on this
25 October 2013
if delay is upto 15days ,then penalty is 500
15-30days its 1000
beyond 30days its 1000+100/day of default subject to max penalty of 20000
15-30days its 1000
beyond 30days its 1000+100/day of default subject to max penalty of 20000
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25 October 2013
Agreed. Just for further information, in case the service tax liability is NIL (i.e. below threshold limit) then under Rule 7C the Central Excise Officer, may waive the penalty payable for delayed filing. The CBEC has also asked the field formations not to insist on the penalty for SSP.
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