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Penalty for late filing of return

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..... The service provider wants to delay the filing of half yearly service tax return by 15 days in order to file a correct return for which he requires the time.Apart from the late fees of RS.500/, are th .....

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..... ere any other cosequences.Are there any other penalties for late filing.Are we barred from rectifyng a late return within sixty days.Is benefit of provisional assesment lost etc ??? - Reply By YASHAV .....

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..... ANTH - The Reply = In my opinion and threshold notification no.20/2007 Dt. 12th May 2007 clearly specify the details of penalty payable in case of delay in filing ST.3 returns. The said notification a .....

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..... lso specifies the amount of penalty should not exceeds the amount payable as Tax. Hence we must follow the said notification to pay penalty in case of delay in filing the return which supersede retro .....

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..... spective explanation if any. In case of rectification of return should not to be considered for late filing return, once return filed with in due date or with penalty "The revised return will count/wi .....

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..... ll be valied to such original return not as late filing correct return or otherwise. - Penalty for late filing of return - Query Started By: - ranganath shenoy Dated:- 22-10-2007 Service Tax - Got 1 .....

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..... Reply - Service Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTM .....

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..... I - TMITax .....

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