Late fee for for delay in filing returns

As amended in Finance Act 2011

The maximum penalty under Section 70 for delay in filing of return has been increased from Rs.2,000 to Rs.20,000. The amount of penalty will continue to be computed in accordance with Rule 7C of the Service Tax Rules, 1994, i.e. Rs. 500 for the first 15 days, Rs. 1000 for the first month, and Rs. 100 per day thereafter

Regards

Dayananda