how much time avalable for filing serive tax return

This query is : Resolved

Report Abuse Follow Query Ask a Query

Querist : Anonymous

Querist : Anonymous (Querist)

18 November 2010 Dear Sir

how much maximum time available to file a service tax return

CA.Madhusudan B.P.

CA.Madhusudan B.P. (Expert)
Follow

18 November 2010 Service tax return shall be filed on or before 25th Oct for 1st half yearly return in ST-3 (April to Sept)& 25th April for 2nd half yearly return(Oct to Mar)

Message likes : 1 times

Querist : Anonymous

Querist : Anonymous (Querist)

18 November 2010 sorry sir but i want to ask about maximum time allowed for belated returns

Upgrade to CAclubindia Pro. Subscribe Now!

CA.Madhusudan B.P.

CA.Madhusudan B.P. (Expert)
Follow

18 November 2010 (i) Penalty for late filing of returns of service tax

According to section 77 of the Finance Act, 1994, if a person fails to furnish in due time, the return which he is required to furnish, he shall pay by way of penalty, a sum which shall not be less than one hundred rupees but which may extend to two hundred rupees for every day (for every week or part thereof with effect from 16 October 1998) during which such failure continues. As per Finance Act, 1999, effective from 11 May 1999, the penalty leviable may extend to an amount not exceeding two thousand rupees irrespective of the period of delay.