why the ST penalties are so harsh

[MANDAVILLI RAMAKRISHNA]

penalty for delay in filing returns of ST is huge and unlike income tax returns even in case

of nil returns also. at the mercy of the authorities only, the penalty can be waived.

why industry is not representing this matter?

 

 

AI Summary

Concerns Raised Over Harsh Penalties for Delayed Service Tax Returns When No Tax is Due; Call for Advocacy A discussion on a forum highlights concerns about the harsh penalties imposed for delays in filing service tax returns, even when no tax is due. The original query questions why the industry has not addressed this issue. One response suggests that individuals affected by such penalties should advocate through Industry Chambers of Commerce for relief in future budgets. Another response argues that the government exploits non-compliance to generate revenue through penalties and recommends raising the issue with government bodies and industry associations like Assocham and FICCI.