Service tax

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Meera P S

article

57 Points Joined January 2014

Hai guyz A partnership firm is taken service tax registration on 31/03/2015. whether they are liable to file NIL tax service tax return for the half year oct 2014-mar 2015. whether there is any penalty for delay in filing nil tax return

Replies (3)

CMA Poornima Madhava

CMA

13117 Points Joined May 2009

As per provisions, you are required to file nil returns. If not, the assessee is penalized as follows:

Delay up to 15 days: INR 500
Delay up to 30 days: INR 1,000
Delay beyond 30 days: INR 1,000 + INR 100 per day subject to max INR 20,000
Late fee should be paid at the time of filing of return
Where gross amount of ST payable is nil, late fee (penalty) may be reduced/waived if there is sufficient cause

Since it is a matter of one day, penalty may be waived at the discretion of the officer. You need to provide proper excuse for the same.

What I suggest is, just try now to upload the nil return if it is possible to do so without paying any penalty. If it is accepted, you might forget about it otherwise you might have to give valid reason for waiver.