E.KALAIKOVAN (Sr. Accounts Manager ) (340 Points)
14 September 2011ST3 Half yearly Return (Late) is filed before the Notice received from the ST Department
Due date 25/04/2011 - Date of Filing 02/07/2011 - Notice Date 28/07/2011
a) Maximum Penalty amount is 2000 or 20000?
b) ST Officer says that the no. of days delayed should be calculated from Due date to Notice date even though the return is filed before the notice date.
c) In addition to that ST officer aks to pay Penalty Rs 10,000/- u/s 77. Pls advice
CA Prabhat Gupta
(Manager (Indirect Taxes))
(821 Points)
Replied 14 September 2011
Dear Kalaikovan,
With effect from 01.04.2011 Maximum fees for late filing of Service Tax Returns has been increased to Rs.20000/-.
In my opinion, if the return is filed voluntarily, the number of days of delay are to be calculated from due date of filing the return to the date of actual filing of return.
If the fact of not filing the return in time was pointed out by the assessing office, he can levy a penalty upto Rs.10000.
E.KALAIKOVAN
(Sr. Accounts Manager )
(340 Points)
Replied 15 September 2011
I cannt' find the accounting code for penalty in e-payment of Service Tax. How do remit the penalty?
Thanks
CA Prabhat Gupta
(Manager (Indirect Taxes))
(821 Points)
Replied 15 September 2011
As per my knowledge accounting code for Interest & penalty is common. Follow the link below:
CAclubindia
