TaxTMI 
TaxTMI 
Sir,
A export unit belatedly filed their ST3 during the period of 2013-2014 and after that they have paid applicable interest for the delay days...now department insist to applicable penalty. Whether it is correct...Please clarify
Penalty for ST3 Return
15 Jul 2016 
5 Replies 
1650 Views Asked by
Late fee payment for delayed ST 3 returns can preclude penalty proceedings if the prescribed rule amount is paid.
An export unit filed ST 3 late and paid interest; legal debate is whether payment of a prescribed late fee under the return submission rule, which states proceedings shall be deemed concluded, precludes levy of a separate penalty, versus the view that late fee and penalty are distinct remedies and rule language cannot override statutory penalty authority. (AI Summary)
An export unit filed ST 3 late and paid interest; legal debate is whether payment of a prescribed late fee under the return submission rule, which states proceedings shall be deemed concluded, precludes levy of a separate penalty, versus the view that late fee and penalty are distinct remedies and rule language cannot override statutory penalty authority. (AI Summary)