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of <h1>New Circular: Only One Penalty for Delayed Service Tax Registration or Filing; Simplified 15-Digit Registration Process Explained.</h1> The circular addresses issues faced by Service Tax assessees, as highlighted by the PHD Chamber of Commerce and Industry. It clarifies that only one penalty can be imposed for delays in registration or return filing for multiple services. It assures that registration forms for the 15-digit STC/STP code are straightforward and delays should be reported to relevant authorities. Payment of penalties before registration is not required, and minor tax discrepancies under Rs. 1,000 should be resolved with an opportunity for payment before further action. Field formations will be informed, and a trade notice will be issued.
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