Late fees

This query is : Open

Querist : Anonymous

Querist : Anonymous (Querist)

30 November 2014 Dear Sir
What is the late fee applicable to file st3 from 14 Nov to tll date. Whether it is 100 per day or 50 per day?

Please clarify.

CA Kumar Mukesh

CA Kumar Mukesh (Expert)
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01 December 2014 As per rule 7C of service tax rules 1994, penalty will be levied in case of delay in submitting Service Tax Return in accordance with rule 7, are as under
Upto 15 days Rs. 500
Upto 30 days Rs. 1000
Beyond 30 days Rs. 1000+100 per day

Subject to maximum of Rs. 20,000

Calculate amt of penalty on your hands

Querist : Anonymous

Querist : Anonymous (Querist)

01 December 2014 Where there is no tax liability in the return whether the the penalty is still levyble

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visu iyer

visu iyer (Expert)
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02 December 2014 Yes. penalty is payable for belated filing of return.. since there is no service tax liability; question of interest does not arise.

CA Kumar Mukesh

CA Kumar Mukesh (Expert)
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02 December 2014 Penalty for delay in filling of Service Tax Return under rule 7, will levied in all cases irrespective of service tax liability.

However, in case of NIL liability, Commissioner of Central Excise can condone the penalty if there is is sufficient reason(s) for delay

Querist : Anonymous

Querist : Anonymous (Querist)

09 December 2014 Whether the return can be file without depositing the penalty?