TaxTMI 
TaxTMI 
delay in filing service tax return
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....elay in filing service tax return<br> Query (Issue) Started By: - apeksha patil Dated:- 25-11-2011 Last Reply Date:- 15-2-2012 Service Tax<br>Got 3 Replies<br>Service Tax<br>can one carry forward cenv....
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....at credit even if he fails to file service tax return in time? Reply By Pradeep Khatri: The Reply: Yes, you can. Reply By Naveed S: The Reply: Yes, but Penalty may be imposed for late filing of Se....
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....rvice Tax Return and such Penalty is required to be paid in cash only and can not be adjusted from the available cenvat credit balance. Reply By vijay kumar: The Reply: Yes. There is no bar to carry....
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.... forward the credit balance, even when a return is not filed in time. Such credit can be used for payment of tax also since availment of credit and tax payment are not linked to filing of return. Howe....
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....ver, delay in filing return attracts late fee in terms of Section 70 of the Finance Act, 1994 read with Rule 7 of the Service Tax Rules, 1994 which can extend upto Rs.20,000/-. Secondly, Department ca....
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....n issue the notice within one year/five years from the date of filing the return, as the case may be. Regards - Vijay Kumar.<br> Discussion Forum - Knowledge Sharing ....