Whether late filing fee is payable by company if no business

Queries 373 views 1 replies

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.

 


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details