SUPREME COURT JUGEMENT FOR WAIVER OF RETURN PENALTY.

[SANJEEV JADHAV]

Dear Sir, Recently our excise department has passed order regarding imposition of penalty ₹ 60000/- for delayed submission of three service tax returns. Has their any judgement / decesion of Superment Court or High Court regarding waiver / reduce in Rule 7 penalty.

AI Summary

Small Business Faces 60,000 Penalty for Late Service Tax Returns; Seeks Legal Advice on Possible Reduction. A discussion on a forum addresses a penalty of 60,000 imposed by the excise department for late submission of service tax returns. The original poster seeks advice on any Supreme Court or High Court judgments for waiving or reducing this penalty. Various contributors clarify that penalties are imposed under specific sections, with a maximum late fee of 20,000 per return, leading to the total penalty for three delayed returns. Despite acknowledging their small business status and prompt payment of service tax, the original poster plans to appeal the penalty, although others advise against it due to low chances of success and potential litigation costs.