what happen if ST return filed late

[Sanjay Tripathi]

if service tax filed late what will be solution if penalty imposed

AI Summary

Late Filing of Service Tax Returns: Nil Returns Exempt from Penalty; Fees Apply for Delays, Possible Waiver for Genuine Reasons. In a discussion about late filing of service tax returns, several contributors provided insights. If a nil return is filed, no penalty is imposed. Otherwise, late fees are applicable: 500 for delays up to 15 days, 1000 for delays beyond 15 days, and an additional 100 per day from the 31st day, capping at 20,000. If the delay is due to a genuine reason, authorities may waive the penalty. Returns are required semi-annually unless exempted, and nil returns may be waived by the Assistant Commissioner or Deputy Commissioner.