Interest & penalty for filing of rev. st-3 after due date

The service receiver is liable to pay interest @ 18% per annum for delay in days(From due date to date of payment) on the short paid amount.15% for assesses having the value of taxable service less than 60 Lakhs in the preceding financial year. (Please keep in mind point of taxation for reverse charge liability is the date of payment for the service). Not liable for penalty or late filing fee.

No pentaly for revising the returns.