Penalty on service tax 2000 or 20000

This query is : Resolved

Ashish (Querist)
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13 January 2012 Please confirm that when i am filling my service tax return for financial year 2010-11 (Both Half) on 10-1-2012 then my penalty amount should be 2000 or 20,000 whenever

I think that penalty on earlier year return should not be more then 2000/-

As per Section 71 (C) of the Finance Act 2011 (8 of 2011) Applicable from 1st April Unless Otherwise specified there was an amendment in Sub Section (1) of section 70 which is as follows:-

‘in Section 70 (1) of the Finance Act, 1994, for the words “two thousand rupees”, the words “twenty thousand rupees” shall be substituted’.

Ram Avtar Singh

Ram Avtar Singh (Expert)
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13 January 2012 F. No. 137/99/2011 – Service Tax

Government of India
Ministry of Finance
Department of Revenue
Central Board of Excise and Customs,
**********

New Delhi, the 9th January 2012

ORDER NO 1 /2012 – Service Tax

In exercise of the powers conferred by Rule 7(4) of the Service Tax Rules 1994 read with notification No. 48/2011-Service Tax dated 19th October 2011, Central Board of Excise and Customs hereby extends the date of submission of half yearly return for the period April 2011 to September 2011, from 6th January 2012 to 20th January 2012.

This is being done in view of the fact that assessees are facing problems in electronic filing of returns due to various reasons.

(Deepankar Aron)

Director (Service Tax)
CBEC, New Delhi

To

Chief Commissioners of Central Excise & Customs (All)

Chief Commissioners of Central Excise (All)

Director General of Systems

Director General of Service Tax

Commissioners of Service Tax (All)

Commissioner (DPPR), Delhi

Ram Avtar Singh

Ram Avtar Singh (Expert)
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13 January 2012 INR 1,000 + INR 100 per day (from 31st daysubject to a maximum amount of Rs 20000.

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Suresh Ramaswamy

Suresh Ramaswamy (Expert)
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13 January 2012 The last date for filing of ST - 3 for the period ended 30-09-2010 was 25th October 2010 and for period ended 31-03-2011 was 25th April 2011. The penalty for late filing will be levied as per the law in force on the date of payment. accordingly the penalty leviable is Rs.1,000/- for the first 30 days and Rs.100/- for each subsequent day of delay subject to a maximum of Rs.20,000/- per ST - 3 Return. Hence for both the returns the penalty will be Rs.20,000/- each.