TaxTMI 
TaxTMI 
Penalty for late filing of return.
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....enalty for late filing of return.<br> Query (Issue) Started By: - Praveen Aggarwal Dated:- 6-1-2006 Last Reply Date:- 5-2-2011 Service Tax<br>Got 3 Replies<br>Service Tax<br>What is minimum and maximu....
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....m penality for late submission of Half yearly return. Reply By Paramjit: The Reply: Section 77 of Finance Act 2004 provides a general penalty of maximum of Rs.1000/- for any contravention of the Act....
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.... or Rules for which no separate penalty is provided. Reply By S Gupta: The Reply: There is no minimum penalty has been prescribed for such fault. Under section 77 (a residual peanlty) applicable to ....
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....this query prescribes a maximum penalty of Rs. 1,000 of such failure. Reply By rishi mohan: The Reply: The maximum penalty for late submission of half yearly return is Rs 1,000/-. If it has not been....
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.... late for more than a month then the penalty shall be reduced.<br> Discussion Forum - Knowledge Sharing ....