Penalty for late filing of return.

[Asked by Guest]

What is minimum and maximum penality for late submission of Half yearly return.

AI Summary

Late filing penalty under Section 77 capped and eligible for reduction where the delay is under one month.
A residual penal provision caps the monetary sanction for late submission of half-yearly service tax returns, prescribes no minimum penalty, and allows reduction of the penalty where the default is for less than one month.