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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 ..... 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 Reply = 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, L ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ate 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 limit 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... :- 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.) 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 Distributor is also required to file this return. Persons who are not liable to pay service tax (because of an exemption including tu ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rnover 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 another feather in the cap. Awesome. - Reply By Ganeshan Kalyani - The Reply = Sir, in support of ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 posted by other professional colleagues. - what happen if ST return filed late - Query St ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... arted By: - Sanjay Tripathi Dated:- 5-9-2016 Service Tax - Got 7 Replies - Service Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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