Penalty code incase service tax return late filing

As per Circular No.165/16/2012 –ST dated 20 November 2012, ‘Other receipts’ are only for interest and ‘deduct refund’ not to be used by the taxpayers. Thus, the only column left is ‘penalty’ for payment of late filing fees. The relevant extracts are as under -

Henceforth, the sub-head “other receipts” is meant only for payment of interest payable on delayed payment of service tax. Accounting Codes under the sub-head “deduct refunds” is not to be used by the taxpayers, as it is meant for use by the field formations while allowing refund of tax.