Penalty on nil return ( st 3)
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
07 June 2012
HELLO SIR/MADAM
I WANNA KNOW THE AMOUNT OF PENALTY WHICH IS TO BE LEVIED ON NON FILING OF ST 3(NIL RETURN) SINCE 1.4.2009,
WILL IT BE 20,000 OR Rs. 100 per day.
pls reply early.
I WANNA KNOW THE AMOUNT OF PENALTY WHICH IS TO BE LEVIED ON NON FILING OF ST 3(NIL RETURN) SINCE 1.4.2009,
WILL IT BE 20,000 OR Rs. 100 per day.
pls reply early.
07 June 2012
Hi,
For non submission of ST 3 - Upto - 16 days from the due date - Rs. 100.
beyond 15 days and upto 30 days - Rs.1000
for delay beyond 30 days - Rs.1000 + Rs.100 per day from 31st day (Subject to maximum of Rs.20000)
For non submission of ST 3 - Upto - 16 days from the due date - Rs. 100.
beyond 15 days and upto 30 days - Rs.1000
for delay beyond 30 days - Rs.1000 + Rs.100 per day from 31st day (Subject to maximum of Rs.20000)
Rajni Kant
(Expert)
25 July 2012
wef 01.03.2008, the third proviso to rule 7C provides that where the gross amount of service tax payable is nil, the central excise officer may, on being satisfied that there is sufficient reason for not filing the return, reduce or waive of the penalty.
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