Penalty for late filing of Service tax

[Mukund Honkan]

Dear Sirs, What was the due date for filing service tax returns for 6 months ended 30th Sept 2010 & for 6 months ended 31st March 2011. If returns are not yet filed, what will be the penalty amount . Kindly also let us have section reference.

Thanks

 

Mukund M Honkan

 

AI Summary

Dispute Over Service Tax Return Penalties: Section 70 & Rule 7C Set Maximum Penalty at Rs. 20,000 for Late Filing A query was raised regarding the due dates and penalties for late filing of service tax returns for periods ending September 2010 and March 2011. The due dates were 25th October 2010 and 25th April 2011, respectively. Penalties for late filing are outlined in Section 70 of the Finance Act and Rule 7C of the Service Tax Rules, 1994, with a maximum penalty of Rs. 20,000. One respondent calculated specific penalties for late filings, while another disagreed, asserting the penalty should be Rs. 20,000 for a return filed on 16th August 2011 for the period ending September 2010.