One of my Client has to file his Service Tax Return in “NIL” from the Finical Year 2006-2007 to 2010-2011. What amount of Penalty he have to pay for each Return Rs. 2000/-; Rs.5000/- or Rs.20,000/- ? Please Reply. Thanks.
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Penalty Amount for late filing of returns ?
Replies (2)
| 4 |
70(1) &
Rule 7C |
Late filing of returns |
Late fee upto Rs.20000/-
a)Delay up to 15 days-Rs.500/- b) Delay beyond 15 days and upto 30 days-Rs.1000/- c) Delay beyond 30 days-Rs.1000/- plus Rs.100 per day of delay beyond 30 days Provided the total amount payable in terms of this rule shall not exceed the amount specified in Sec.70 of the Act. |
One my client has to file the Service Tax Return NIL of the F.Y. 2010-2011. What amount of panelty have to pay. Please reply.
Grishh
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