TaxTMI 
TaxTMI 
TaxTMI 
what happen if ST return filed late
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....hat happen if ST return filed late<br> Query (Issue) Started By: - Sanjay Tripathi Dated:- 5-9-2016 Last Reply Date:- 8-9-2016 Service Tax<br>Got 7 Replies<br>Service Tax<br>if service tax filed late what will be solution if penalty imposed Reply By YAGAY AND SUN: The Reply: If it is a nil return then no penalty can be levied otherwise no option is available. Reply By Ganeshan Kalyani: The Repl....
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....y: Sir, if return is filed late, late fees is payable. If late fees is paid, penalty is not liable to pay. Thanks. Reply By Ganeshan Kalyani: The Reply: Sir, Late fees is payable - * Delay up to 15days - ₹ 500/- * Beyond 15 days - ₹ 1000/- * beyond 30 days - ₹ 1000/- plus ₹ 100/- per day of delay from 31st day onwards. This ₹ 100/- per day continues till lim....
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....it of ₹ 20,000/- is reached. Thanks. Reply By KASTURI SETHI: The Reply: Sh.Sanjay Tripathi Ji, I endorse the views of both experts. I add as under :- If all ST-3 returns are 'NIL' ( no ST is payable by the assessee,) ST-3 return is not required to be filed in terms of Board's Master Circular No.97/8/2007-ST dated 23.8.2007 as amended.( Para No.6 refers) (This circular is still in force.....
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....)  The service tax return is required to be filed under Section 70 of the Act read with Rule 7 of the Rules, by 'any person liable to pay the service tax'. This return is required to be filed on a half yearly basis, in Form ST-3. For the periods from April to September and October to March, it must be filed by the 25th October and the 25th April respectively. Further, 'Input Service Distribu....
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....tor' is also required to file this return. Persons who are not liable to pay service tax (because of an exemption including turnover based exemption), are not required to file ST-3 return. As per proviso to Rule 7 C of Service Tax Rules, 1994, if Service Tax return is 'nil', AC/DC has power to waive penalty. Reply By CS SANJAY MALHOTRA: The Reply: Sh Kasturi ji, Your addition is like ....
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....another feather in the cap. Awesome. Reply By Ganeshan Kalyani: The Reply: Sir, in support of last para of Sri Kasturi Sir's reply , if the authority is convinced that the delay is because of genuine reason then can be waived. Thanks. Reply By MARIAPPAN GOVINDARAJAN: The Reply: There is no exception to pay additional fee to the extent of ₹ 20,000/- unless the return is NIL return as....
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