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

Penalty for late excise returns can be imposed under Cenvat rules, but waiver possible for genuine nil returns. Delayed filing of dealer quarterly excise/Cenvat returns can attract a general penalty under the Cenvat Credit Rules, while administrative officers retain discretion to reduce or waive penalties, particularly for nil returns or where genuine reasons for delay are shown; service-tax rule provisions also permit waiver in appropriate cases.