https://www.taxtmi.com/acts?id=2786 Where a prescribed return is filed late a tiered penalty applies: fixed charges for initial delay periods and a daily incremental charge for continued delay, with the total capped by statute. The Central Excise officer may reduce or waive the charge if gross service tax payable is nil and reasons for non filing are satisfactory. Payment of the prescribed amount for delay terminates related proceedings. A separate rule imposes a daily charge for late filing of the annual return, subject to a specified maximum. en-us Sat, 19 Jan 2008 22:45:54 +0530 Thu, 03 Mar 2016 07:43:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=2786 Where a prescribed return is filed late a tiered penalty applies: fixed charges for initial delay periods and a daily incremental charge for continued delay, with the total capped by statute. The Central Excise officer may reduce or waive the charge if gross service tax payable is nil and reasons for non filing are satisfactory. Payment of the prescribed amount for delay terminates related proceedings. A separate rule imposes a daily charge for late filing of the annual return, subject to a specified maximum. Act-Rules Service Tax Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=2786