Excise bill return query, Central Excise

[Gaurang Banatwala]

Dear sir,

I am trader , i was sick for over a year.I do not have any exice consultant for return. I have not filled bill return for 4 quarter between. After that in last October i have filled all this bill return. What could be penalty for this. Please guide me.

Posts / Replies

[Gaurang Banatwala]

Dear sir

it is Nill return not bill return. Sorry.

[KASTURI SETHI]

As per Rule 7 (C) of Service Tax Rules, 1994,. If return is nil, A.C. has power to waive off penalty.

[MUKUND THAKKAR]

maximum 20 thousand...

[KASTURI SETHI]

Dear Querist,

You are talking about Dealer's quarterly return in Central Excise which is to be filed under Rule 9(8) of Cenvat Credit Rules, 2004. Maximum penalty of ₹ 5000/- is imposable under Rule 15 A (General Penalty) of Cenvat Credit Rules, 2004. It can be reduced by the proper Central Excise Officer.

[Ganeshan Kalyani]

If the reason for delay in filing return is genuine the authority can waive the penalty.