Penalty

Dear sir/M'aam,

if we filed ST-3 service tax return of April to Sept. 2010 dated 01.04.2012, what is penalty for late return fees. i have confusion with regard to 20000/-. please calrify it. 

Replies (3)

HI JYOTI

As per rule 7c of service tax rules,1994  late fee payable will be

For delay of 15 days penalty will be 500

For delay of morethan 15 and not by 30 days it will be 1000

For delay beyond 30 days it will be 1000 plus 100 per day subjected to a maximum of 20000 rupees

         So you shoul have to pay 20000 as penalty

Is it that if penalty is not paid before uploading the ST3, one cannot submit the same electronically. Can you please update me.Will the system accept the ST3 before paying the penalty and including the details of payment in the ST3.

Regards,

Payment of the penalty is not a precondition for uploading return. Penalty is demanded later on.

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