Penalty

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Querist : Anonymous

Querist : Anonymous (Querist)

19 February 2012 Sir,,

Is still the max amt of penalty is Rs.20000 or it is back to Rs. 2000???

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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19 February 2012 yes. still penalty for late filing of Service tax return penalty as follows

Delay upto 15 days – Rs.500
Beyond 15 days and upto 30 days – Rs.1000
Delay beyond 30 days – Rs.1000 plus Rs.100 per day of delay beyond 30 days, from 31st day onwards, subject to, the ceiling limit of Rs. 20000.