23 April 2011
any body can send me the NOTIFICATION NO. or circular no. for amending this penalty,
as this change in rules 7 c of the Service tax rules 1994 please note that any amendment without notification is not a legal one, there fore kindly let me know the notification no. of the same.
23 April 2011
The maximum penalty for delay in filing of return under Section 70, has been raised from Rs.2000 to Rs.20000. However, the existing rate of penalty for the first 15 days and for the subsequent 15 days as well as the daily penalty of Rs.100 per day thereafter under rule 7C of the Service Tax Rules, 1994 are being retained without any change. For details refer The Finance Act,2011.