NON SUBMITTED S.T-3 RETURN FROM OCT-07 TO MAR-11

[Asked by Guest]

Dear All,

               Please help me as per mention tital. I have submitted ST-3 return for GTA & business auxullary for the f.y-2007-08 in 1st half year returns and then oct-07 to march-11 this period s.t-3 returns of both services not submitted to department & not paid paybale service tax. I want to submitted this period s.t-3 returns & payment of both services. So please tell me how much penalties i will pay to the department & any legal action taken to department on my factory.

 

Thanks & Regards

Yogesh

 

AI Summary

Penalty for delayed service tax returns may include delayed filing fines, interest and penalties equal to tax evaded.
Non-submission of ST-3 returns for October 2007-March 2011 exposes the taxpayer to delayed-filing penalties, interest on unpaid service tax and penalties equal to tax evaded; paying tax and interest before a demand or show-cause notice may reduce penalty. A legislative increase in the maximum delayed-filing penalty became effective later, and uncertainty exists on how to compute penalty for returns delayed across the amendment date-whether by applying the earlier cap for the pre-amendment period plus daily additions or by aggregating total delay subject to the new cap.