TaxTMI 
TaxTMI 
If we file the service tax return in july 2011for the period 2009-2010 IInd, 2010-11 Ist & 2010-11 IInd How Much fine are liable to pay ? Is it is Rs. 60000/- or Rs. 6000/- ?
Penalty on delay of Return Filing
08 Jul 2011 
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Late filing fee for service tax returns governed by Rule 7C, imposing tiered penalties and a statutory cap.
Calculation of late filing fees for ST-3 returns follows Rule 7C's tiered structure-initial short-delay slab, a second slab, and a per-day charge thereafter-subject to the statutory maximum introduced by the Finance Act, 2011; the fee is computed by reference to the period between the due date and the actual filing date and using the rates in force on the date of filing, though practitioners differ on the amendment's retrospective application to earlier return periods. (AI Summary)
Calculation of late filing fees for ST-3 returns follows Rule 7C's tiered structure-initial short-delay slab, a second slab, and a per-day charge thereafter-subject to the statutory maximum introduced by the Finance Act, 2011; the fee is computed by reference to the period between the due date and the actual filing date and using the rates in force on the date of filing, though practitioners differ on the amendment's retrospective application to earlier return periods. (AI Summary)