Penalty of service tax

This query is : Resolved 

25 October 2013 What is the penalty for late filing of service tax return ? Please help me on this

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 Thankyou very much


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.



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