TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Acts & Rules
of of All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Penalties for Late Service Tax Returns: Up to 1,000 for 30 Days, Plus 100/Day Thereafter, Capped by Section 70.</h1> Under the Service Tax Rules, 1994, a penalty is imposed for delayed submission of prescribed returns. If the return is late by up to 15 days, a penalty of 500 rupees is charged; for delays between 15 and 30 days, the penalty is 1,000 rupees; and for delays beyond 30 days, the penalty is 1,000 rupees plus 100 rupees per additional day. The total penalty cannot exceed the amount specified in section 70 of the Act. If service tax payable is nil, penalties may be reduced or waived. Annual return delays incur a penalty of 100 rupees per day, capped at 20,000 rupees.
TaxTMI 
TaxTMI 
