Penalty on service tax return late filling

This query is : Resolved

Mohan Sharma (Querist)
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28 February 2012 Service tax return of Ist half of year 2006 is being filed on 1/1/2012,so what is the penalty amount payable ?

CA. B.SRINIVASULU

CA. B.SRINIVASULU (Expert)
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28 February 2012 Maximum penalty upto 20000 leviable based on case to case. If you have proper records / reasons you can defend your case with the concerned officer.

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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28 February 2012 Maximum penalty viz., Rs.20,000/- as per rule 7C of the Service tax Rules,1994 can be imposed in this case. However, if there is no tax liability, the jurisdictional officer has power to waive the penalty.

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