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

Late filing penalty for service tax returns triggers prescribed staged fees and a statutory maximum cap; timely compliance advised.
Late filing of service tax returns attracts graded late fees under Section 70 and Rule 7C: fixed amounts apply for initial delay intervals and a per-day charge applies for continued default, all subject to a statutory maximum. The maximum was increased effective from the law change, and penalties for returns spanning the amendment must be computed by applying pre-amendment charges for days before the change and post-amendment charges thereafter, aggregating amounts up to the statutory ceiling.