TaxTMI 
TaxTMI 
Dear all,
how much penalty to be paid for the delay in filing ST returns of 2010?
PENALTY FOR LATE FILING OF ST RETURNS
25 Oct 2012 
1 Reply 
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Penalty for late filing of service tax returns revised prospectively; pre revision 2010 returns remain subject to the earlier penalty regime.
Amendment to the Finance Act raised the statutory maximum penalty for late filing of service tax returns effective 08-04-2011 under Section 70 of Chapter V; the revision applies prospectively, so delays in 2010 are subject to the pre amendment, lower penalty regime. (AI Summary)
Amendment to the Finance Act raised the statutory maximum penalty for late filing of service tax returns effective 08-04-2011 under Section 70 of Chapter V; the revision applies prospectively, so delays in 2010 are subject to the pre amendment, lower penalty regime. (AI Summary)