Whether late filing fee is payable by company if no business

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In the last financial year,  A Company had no business and no service tax was payable!

But the Company didn't file NIL Service tax returns also! Prior to that Company was filing returns promptly!

In such case whether LATE FILING  FEES or FINE is payable by the Company ?

or Is their any legal way Company can save from the burden of fine now?

Thanks & Regards for your valued support!

 

Replies (1)

As  per Rule 7C of Service Tax Rules, 1994, the Central Excise Officer is empowered to reduce or waive the Penalty/Late fee for non-filing of ST-3 returns where the Tax liability is NIL.

 


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