Penalty for late filing of return

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... Penalty for late filing of return
Query (Issue) Started By: - ranganath shenoy Dated:- 22-10-2007 Last Reply Date:- 23-10-2007 Service Tax
Got 1 Reply
Service Tax
The service provider wan .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ts 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 there any other cosequence .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... s.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 YASHAVANTH: The Reply: In my opi .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... nion 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 also specifies the amount of .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... 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 retrospective explanation if any. .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... 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/will be valied to such original .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... return not as late filing correct return or otherwise.
Discussion Forum - Knowledge Sharing .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X