Penalty for non-filing or delayed filing of the Service tax

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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
 

SL. No.
Period of Delay from the prescribed date
 
Penalty
 
1
1 15 days
Rs.500/-
 
2
2 Beyond 15 days but not later than 30
days
 
Rs.1000/-
 
3
Beyond 30 days
 
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)
 

 
Replies (5)

If the maximum penalty is Rs. 2000.00 under violation of condition no. 3.than how can it extend to Rs. 5000.00

How it can get increase from 2000 (maximum penalty ) to 5000. Please reply :-):-).

Rs. 2000 /= Mandatory Penalty for Late filing of ST-3

but if you are in surch conduted by authority none filing of ST-3 then penality up to Rs. 5000/=

 The maximum penalty for delayed filing or non filing can in no case exceed Rs. 2000

Pls sir,Tell me one thing is Penalty for non filling or delayed filing of service tax return has been incresed from Rs.2000 to Rs.20000/-.from Finace bill 2011.Is it from retrospective or it is from Prospective effect.


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