S.tax payment

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

04 November 2010 Hi,

If a company has not paid any s.tax for this FY till date then whats the procedure for payment & return filing. And how to calculate interest.

Rgds.

Suresha R

Suresha R (Expert)
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04 November 2010 Due dates to file return:
ST-3 Return is required to be filed twice in a financial year – half yearly.
Return for half year ending 30th September and 31st March are required to be filed by 25th October and 25th April, respectively.

If a person fails to furnish the ST-3 Return within the due date [25th October and 25th April every year] he shall be liable to penalty which may extend to an amount not exceeding one thousand rupees (Section 77 of the Act)

Mandatory Penalty for Late filing of ST-3 Return under Rule 7C of Service Tax Rules, 1994

Sl. No.

Period of Delay from the prescribed date

Penalty

1

15 days

500/-

2

Beyond 15 days but not later than 30 days

1000/-

3

Beyond 30 days

1000/- plus100/- for every day from the thirty first day till the date of furnishing the said return

And Maximum is 2000