Penalty on late filing of Service Tax Return
This query is : Resolved
09 April 2011
Hi All!
There were certain ammendments regarding the oenalty provisions of Service Tax, where the maximum limit of penalty has been revised to Rs. 20,000 from Rs. 2,000.
I am filing the half yearly returns of a firm for FY 2009-10 and FY 2010-2011 now, in FY 2011-12, when the new penalty provisions have been put nto effect.
My query is will the ammendments in the penalty provisions be applicable on the returns of previous years being filed now or do we go by the earlier provisions. i.e Do I have to pay Rs. 20,000 as penalty or Rs.2000 as penalty
An early reply will be appreciated as the matter is quite urgent.
Thanks!
There were certain ammendments regarding the oenalty provisions of Service Tax, where the maximum limit of penalty has been revised to Rs. 20,000 from Rs. 2,000.
I am filing the half yearly returns of a firm for FY 2009-10 and FY 2010-2011 now, in FY 2011-12, when the new penalty provisions have been put nto effect.
My query is will the ammendments in the penalty provisions be applicable on the returns of previous years being filed now or do we go by the earlier provisions. i.e Do I have to pay Rs. 20,000 as penalty or Rs.2000 as penalty
An early reply will be appreciated as the matter is quite urgent.
Thanks!
11 April 2011
i think for the current period it is 20000/- for the previous years it is only rs.2000/- because it has only prospective effect.
11 April 2011
Dear Srinivas Sir
Thank You for your reply...
The returns belong to previous years but are being filed now.
Even then the penalty will be of Rs. 2000 only? Please confirm.
Thank You for your reply...
The returns belong to previous years but are being filed now.
Even then the penalty will be of Rs. 2000 only? Please confirm.
Message likes :
1 times
08 July 2023
"Sorry, I am not a featured member."
For featured members contact....
https://www.caclubindia.com/catalogue/featured.asp
For featured members contact....
https://www.caclubindia.com/catalogue/featured.asp
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
- Itr 1 processing
- Off Market debit and credit transaction
- Showing Gift from relative in ITR for this year
- Reporting Income under Section 44ADA
- Short Term Capital gain on shares bought and sold after 2018 onwards
- Form 10E u/s 89(1). Need clarification because experts opinions differ !!!!
- ITR 1: Details for showing Exempt Income
- ITR selection for salaries and capital gain less than L
- ITR returnFY25-26
- ITR 2 Short Term gain & Long term gain
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
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
