Penalty on late return of service tax
This query is : Resolved
26 April 2012
Is there any change in penalty on late return of service tax
26 April 2012
Vide section 71 (C) of the Finance Act, 2011 the following amendment has been made:-
Delay up to 15 days from due date : Rs.500/-
Delay beyond 15 days but but not beyond 30 days from due date : Rs.1,000/-
Delay beyond 30days from due date : Rs1,000/- + Rs 100 each day from the 31st day (Subject to the maximum of Rs.20,000/-)
Delay up to 15 days from due date : Rs.500/-
Delay beyond 15 days but but not beyond 30 days from due date : Rs.1,000/-
Delay beyond 30days from due date : Rs1,000/- + Rs 100 each day from the 31st day (Subject to the maximum of Rs.20,000/-)
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