What is the procedure for filing return of Service Tax? Is there any penalty for not filing retirn on due date?
Return of Service Tax
Harsh Jindal
Filing Service Tax Returns Online: Deadlines, Penalties, and Forms Under Rule 07C of Service Tax Rules 1994. A discussion on the procedure for filing Service Tax returns highlights that returns must be filed online biannually by 25th October and 25th April. The form ST-3, and in some cases ST-3A, must be submitted, with a copy in TR 6. Failure to file by the due date can result in a penalty of up to Rs. 20,000, as per Rule 07C of the Service Tax Rules, 1994. The process can be completed online through the designated government portal. (AI Summary)