Penalty on late filing of return

[Atul Gupta]

Hi Friends,

Please clarify whether maximum penalty of Rs. 20000/- on late filing of service tax returns applies to the returns filed for half year ended on 31.03.2011 or it will start to apply on the returns for the period 01.04.2011 to 30.09.2011?

Thanks  & Regards

AI Summary

Penalty for late service tax return: increased maximum applies from the new implementation date, altering daily charge calculation and cap.
The increased maximum penalty for late furnishing of service tax returns takes effect from the notification's implementation date; penalties must be calculated using the pre-change caps and rates up to that date and using the amended daily accrual and higher maximum thereafter, producing blended liabilities where delay spans the implementation date.