22 July 2010
hey anybudy can tell me the how to deal with a issue of late filling of service tax return. the return still pending. how to deal with the issue
22 July 2010
Due dates to file return: ST-3 Return is required to be filed twice in a financial year – half yearly. Return for half year ending 30th September and 31st March are required to be filed by 25th October and 25th April, respectively.
If a person fails to furnish the ST-3 Return within the due date [25th October and 25th April every year] he shall be liable to penalty which may extend to an amount not exceeding one thousand rupees (Section 77 of the Act)
Mandatory Penalty for Late filing of ST-3 Return under Rule 7C of Service Tax Rules, 1994
Sl. No. Period of Delay from the prescribed date Penalty
1 15 days Rs.500/-
2 Beyond 15 days but not later than 30 days Rs.1000/-
3 Beyond 30 days Rs.1000/- plus Rs. 100/- for every day from the thirty first day till the date of furnishing the said return
Guest
Guest
(Querist)
22 July 2010
hey thanks but can u tell me the maximum penalty and is their any interest on late filling. beause u deposited correct amount but late in return