Penalty for non-filing or delayed filing of the Service tax Returns
If a person fails to furnish the ST-3 Return within the due date [25th October and 25th April every year] he shall be liable to penalty which may extend to Rs. Five thousand rupees (Section 77 of the Act)
Mandatory Penalty for Late filing of ST-3 Return under Rule 7C of Service Tax Rules, 1994
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SL. No.
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Period of Delay from the prescribed date
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Penalty
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|
1
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1 15 days
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Rs.500/-
|
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2
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2 Beyond 15 days but not later than 30
days
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Rs.1000/-
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3
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Beyond 30 days
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Rs.1000/- plus Rs. 100/- for every day
from the thirty first day till the date of
furnishing the said return (not exceeding Rs.2000)
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