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TMI Blogwhat happen if ST return filed lateX X X X Extracts X X X X X X X X Extracts X X X X ..... what happen if ST return filed late X X X X Extracts X X X X X X X X Extracts X X X X ..... ly: 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 li ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... mit 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... .) 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 Distrib ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... utor' 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 a ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s posted by other professional colleagues. X X X X Extracts X X X X X X X X Extracts X X X X
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