Penalty on late filing of Service Tax Return

This query is : Resolved

Parul Ghosh Dastidar (Querist)
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09 April 2011 Hi All!

There were certain ammendments regarding the oenalty provisions of Service Tax, where the maximum limit of penalty has been revised to Rs. 20,000 from Rs. 2,000.

I am filing the half yearly returns of a firm for FY 2009-10 and FY 2010-2011 now, in FY 2011-12, when the new penalty provisions have been put nto effect.

My query is will the ammendments in the penalty provisions be applicable on the returns of previous years being filed now or do we go by the earlier provisions. i.e Do I have to pay Rs. 20,000 as penalty or Rs.2000 as penalty

An early reply will be appreciated as the matter is quite urgent.

Thanks!

srinivas

srinivas (Expert)
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11 April 2011 i think for the current period it is 20000/- for the previous years it is only rs.2000/- because it has only prospective effect.

Parul Ghosh Dastidar

Parul Ghosh Dastidar (Querist)
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11 April 2011 Dear Srinivas Sir

Thank You for your reply...

The returns belong to previous years but are being filed now.

Even then the penalty will be of Rs. 2000 only? Please confirm.

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