TaxTMI 
TaxTMI 
Penalty for Late Registration
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....enalty for Late Registration<br> Query (Issue) Started By: - Anand Sajjan Dated:- 8-3-2016 Last Reply Date:- 15-3-2016 Service Tax<br>Got 6 Replies<br>Service Tax<br>I have voluntarily registered with the service tax department and paid all the relevant taxes. And i have not received any kind of notice from the department so as to register. And now now upon manual scrutiny the officials are asking....
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.... me to pay a penalty. Is it right as per the law or is there any concession for voluntary registering. Also i have filed my ST3 returns lately, but i have paid all the tax with interest. so should I pay late filing penalty or is there any chance to avoid it???? please help me in this regard......... Reply By KASTURI SETHI: The Reply: No concession for such voluntary registration. You will have....
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.... to pay penalty for late filing ST-3 returns. Maxi. Penalty ₹ 20000/-If ST-3 return is NIL, there is relaxation. Otherwise no relaxation. Reply By Mahir S: The Reply: Sir, For late filing of returns, you have to now pay penalty as explained above. For late payment of service tax , you ought to pay the interest under section 75 of Finance Act, 1994. However, for Penalty, you may take reco....
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....urse to section 76(1)(i) and no need to pay penalty when duty and interest paid before issuance of notice. Reply By KASTURI SETHI: The Reply: I endorse the views of Sh. Mahir S. sir Reply By surya narayana: The Reply: Dear Sajjan Ji, I fully agree with the views expressed by our learned friends. Further, there is no relaxation from penal provisions for voluntary compliance if it is a late compl....
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....iance. Also it is the general expectation that every person who is required to get himself registered and to file periodical returns under any Act, must comply with such requirements as per the provisions and if any subsequent compliance ( delayed) will not get any immunity from penal action. Best Regards Suryanarayana Reply By KASTURI SETHI: The Reply: Sh.Surya Narayana Ji, Thanks, Sir. Rig....
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....htly explained and advised. Dispelled the doubts from the questioner's mind. Reply By Ganeshan Kalyani: The Reply: Nicely explained by the experts above.<br> Discussion Forum - Knowledge Sharing ....