Excise bill return query

[Guest]

Dear sir,

I am trader , i was sick for over a year.I do not have any exice consultant for return. I have not filled bill return for 4 quarter between. After that in last October i have filled all this bill return. What could be penalty for this. Please guide me.

[Guest]

Dear sir

it is Nill return not bill return. Sorry.

[KASTURI SETHI]

As per Rule 7 (C) of Service Tax Rules, 1994,. If return is nil, A.C. has power to waive off penalty.

[MUKUND THAKKAR]

maximum 20 thousand...

[KASTURI SETHI]

Dear Querist,

You are talking about Dealer's quarterly return in Central Excise which is to be filed under Rule 9(8) of Cenvat Credit Rules, 2004. Maximum penalty of ₹ 5000/- is imposable under Rule 15 A (General Penalty) of Cenvat Credit Rules, 2004. It can be reduced by the proper Central Excise Officer.

[Ganeshan Kalyani]

If the reason for delay in filing return is genuine the authority can waive the penalty.

AI Summary

Trader's Nil Excise Returns Penalty Waived Due to Illness; Rule 7(C) and Rule 15A Penalties Explained A trader inquired about potential penalties for not filing excise returns for four quarters due to illness and lack of an excise consultant. The discussion clarified that the issue concerns nil returns, not bill returns. Under Rule 7(C) of the Service Tax Rules, 1994, penalties for nil returns can be waived by the Assistant Commissioner. The maximum penalty under Rule 15A of the Cenvat Credit Rules, 2004, is 5000, but it can be reduced by the Central Excise Officer if the delay is justified.