TaxTMI 
TaxTMI 
Peanlty Rs.20000 applicable to old ST returns submitted now?
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....eanlty Rs.20000 applicable to old ST returns submitted now?<br> Query (Issue) Started By: - Prakash Bhandari Dated:- 26-4-2011 Last Reply Date:- 16-2-2016 Service Tax<br>Got 5 Replies<br>Service Tax<b....
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....r>Can any body clarify that wheather the maximum penalty (which is increased from Rs.2000 to Rs.20000) is applicable to the returns submitted now, however pertaining to period prior to 31/03/2011? Re....
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....ply By pradeep khatri: The Reply: Please be specific about your query that it pertains to which law /state i.e. Sales Tax, Service Tax etc. Reply By Prakash Bhandari: The Reply: service tax Reply By....
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.... pradeep khatri: The Reply: It is applicable from 01-04-2011. Reply By Prakash Bhandari: The Reply: Precisely it is applicable from 07/04/2011. However my question was whether Service Tax return pe....
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....rtaining to period prior to 31/03/2011 would attract penalty of Rs. 20000 upon late filing. Reply By KASTURI SETHI: The Reply: UPDATION Section 70 of the Finance Act was amended w.e.f.8.4.2011(date....
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.... of enactment) and not from 7.4.2011. Hence applicable from 8.4.2011 and not retrospectively.<br> Discussion Forum - Knowledge Sharing ....