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Service tax late filing of nil return

Queries 543 views 2 replies

Mani Nair

B.Com

25 Points Joined November 2012

Dear friends,

Our Company filed NIL Return online on 23.11.2012 and I got the message "Your file has been uploaded successfully. Please view the status after one business day." I was under the impression my return is filed successfully. Today when I viewed the status I came to know that our return is rejected due to some error. Today I filed the return again and got the message in Status as filed. Now my question is is there any penalty for two days late filing even it is NIL return.

Pleae help me

Regards,

Mani Nair

Replies (2)

Pradeep Nainawati

ACA

496 Points Joined June 2009

There is a penalty of Rs 500. As per third proviso of Rule 7C of Service Tax rules central excise officer has power to reduce/waive off the amount of penalty if there is a resonable cause for delay in filing of return.

But in my opinion you need not pay now, lets wait for there notice( if at all they issue).