Due date for Service Tax Return

sunil (g m) (2308 Points)

13 April 2011  

 

Due date of filing of Service Tax Return for the half year October 2010 to March 2011 is 25th April 2011 (for manual or e-filling)

 

As prescribed in proviso to Rule 6(2) of the Service Tax Rules 1994.

 

Where an assessee has paid a total service tax of rupees ten lakh or more including the amount paid by utilisation of CENVAT credit, in the preceding financial year i.e. 2010-11, he shall file the return electronically.

 

Violation of this rule may make the person liable for penalty upto Rs.10,000/- (before 8th April 2011 it was Rs.5,000/-) as prescribed under section 77(2) of the Finance Act 1994.

 

In case of delay late fee is payable as per Rule 7C*, which may extend to Rs.20,000/-  (before 8thApril 2011 it was Rs.2,000/-)

 

This is for your information.

 

Regards

 

CA Sushil Kr Goyal 
Agrawal Singhania & Co. 
Room No.64, 4th Floor, 
Stephen House, 
4, B.B.D.Bag(East) 
Kolkata - 700 001

Phone: 94325 80271

 

*Rule 7C of Service Tax Rules 1994 prescribes following late fee:

 

(i)   Delay upto fifteen days = Rs. 500/-

(ii)  beyond fifteen days but not later than thirty days Rs.1,000/- and

(iii) beyond thirty days = Rs.1,000/- plus Rs.100/- for every day from the thirty first day till the date of furnishing the said return. Maximum Rs.20,000/-