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Late filing of service tax return

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JAYANTA

Accountant

56 Points Posted on 13 September 2014

My friend has a propritorship co. He is a travel agent ( Airlines ticket ) . The Last two qtr of fin year 2013-14 has no billing , therefore no ST liability. By mis concept he has not filed nil return , now if he want to file ST-3 return for the period ended 31.03.2014 --- is he liable for any penalty for late filing. If yes how much he has to pay.

Regards

Jayanta

Replies (1)

Saurabh Maheshwari

B.com ACA

4340 Points Posted on 13 September 2014

As per ST Rules,1994-Late fees is payable for delay in furnishing of ST return.

Delay upto 1-15 days = Rs.500

Delay beyond 15 days but upto 30 days= Rs.1000

Delay beyond 30 days=Rs. 1000+100 rs. per day subject to maximum of Rs, 20,000

However, in case of NIL ST liabilty , you may seek for waiver of Penalty u/s 80 of FA,1994(ST)...however it will be absolute discretion of Supretendent of Central Excise to waive the same or not.....