https://www.taxtmi.com/forum/issue?id=4821 Penalty is leviable for failure to file service tax returns even when the tax payable is nil. No interest accrues for nil tax, but statutory penalties for delayed or non filing apply. A supervisory officer may reduce or waive penalty if satisfied there is sufficient reason for non filing; filing outstanding nil returns and applying for waiver is therefore recommended. The statutory scheme imposes an upper cap on the penalty and treats nil returns as subject to the same filing obligations and potential sanctions as other returns. en-us Tue, 16 Oct 2012 17:30:05 +0530 Thu, 23 Jan 2025 15:57:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=4821 Penalty is leviable for failure to file service tax returns even when the tax payable is nil. No interest accrues for nil tax, but statutory penalties for delayed or non filing apply. A supervisory officer may reduce or waive penalty if satisfied there is sufficient reason for non filing; filing outstanding nil returns and applying for waiver is therefore recommended. The statutory scheme imposes an upper cap on the penalty and treats nil returns as subject to the same filing obligations and potential sanctions as other returns. Discussion-Forum Service Tax Tue, 16 Oct 2012 17:30:05 +0530 https://www.taxtmi.com/forum/issue?id=4821