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Naveen (Querist)
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27 November 2009 what is the penalty for late filing of the return and how ot is imposed

we take the service tax no. on
26th september 2009
but we havent raised any invoice or received any amount yet
so we have not file the service tax return
now the service tax inspector is saying that you have to pay Rs. 2000 for late filing
do we need to pay any amount in the bank for late filing
kindly reply.

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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27 November 2009 As per rule 7 C of the service Tax Rules,1994 belated filing of ST-3 return attracts late filing fee as rightly said by the S.T.Inspector. However, that fee can be waived or reduced as per a provisio to the said rule which is reproduced below for your information.

[ Provided also 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 the penalty.]

Naveen

Naveen (Querist)
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27 November 2009 thank you sir

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