Penalty on nil return ( st 3)

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

07 June 2012 HELLO SIR/MADAM
I WANNA KNOW THE AMOUNT OF PENALTY WHICH IS TO BE LEVIED ON NON FILING OF ST 3(NIL RETURN) SINCE 1.4.2009,
WILL IT BE 20,000 OR Rs. 100 per day.
pls reply early.

vignesh

vignesh (Expert)
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07 June 2012 Hi,

For non submission of ST 3 - Upto - 16 days from the due date - Rs. 100.

beyond 15 days and upto 30 days - Rs.1000

for delay beyond 30 days - Rs.1000 + Rs.100 per day from 31st day (Subject to maximum of Rs.20000)

Rajni Kant

Rajni Kant (Expert)
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25 July 2012 wef 01.03.2008, the third proviso to rule 7C provides that where the gross amount of service tax payable is nil, the central excise officer may, on being satisfied that there is sufficient reason for not filing the return, reduce or waive of the penalty.

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