25 October 2013
if delay is upto 15days ,then penalty is 500 15-30days its 1000 beyond 30days its 1000+100/day of default subject to max penalty of 20000
25 October 2013
Agreed. Just for further information, in case the service tax liability is NIL (i.e. below threshold limit) then under Rule 7C the Central Excise Officer, may waive the penalty payable for delayed filing. The CBEC has also asked the field formations not to insist on the penalty for SSP.