27 February 2013
If one firm have not filled service tax returns from 2006-07 to till date and no tax liability was there but failed to file NIL return. Now if they want to file return for such previous periods what will be the penalty ? And also penalty of Rs. 20000/- is w.e.f. Apr 2011 means whether we have to pay 20000/- for previous period before amendment or we have to pay Rs. 2000/- penalty till 31-3-2011. Brief answer is expected