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Waiver of Late Fee

24 May 2018

Is it possible of waiver of late fees under service tax , if i have filed
my ST 3 Return after due date and liable to pay a penalty of Rs. 20000 .

So, what should i do for waiver of the same

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7 Replies

CA Naveen Chand (Chartered Accountant) (12729 Points)
Replied 24 May 2018

NO WAIVED ANY PENALTY & INTEREST

AS I FILED SERVICE TAX RETURN FOR Q1 (APRIL-JUNE) 2017

I FILED WITH INTEREST & PENALTY FLAT RS 20,000

ADVICE TO FILE WITH PENALTY

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wadhwanisam2@gmail.com (111 Points)
Replied 24 May 2018

In Case my tax liablity is below Rs. 20000 then what is its implications

CA Naveen Chand (Chartered Accountant) (12729 Points)
Replied 24 May 2018

Waiver of Penalty	No Waiver – Penalty could be dropped on grounds of reasonable cause u/s 80.	Complete waiver if service tax + Interest is paid within 30 days of date of service of notice.	Waiver of 85%, if Service Tax + Interest + 15% Penalty is deposited within 30 days of service of notice.
Relaxation in Penalty after the order.	No relaxation	75% penalty is waived if Service Tax + Interest is paid within 30 days of the order.	75% penalty is waived if Service Tax + Interest + 25% Penalty is paid within 30 days of the order.

CA Naveen Chand (Chartered Accountant) (12729 Points)
Replied 24 May 2018

there is no such provision as you said

wadhwanisam2@gmail.com (111 Points)
Replied 24 May 2018

i received a notice on 20 th of may.
So, now can we file a return along with interest..
or pay a penalty as as per your explanation given above says if we pay a service tax and interest within 30 days there may be possiblity of waiver