Tuesday, 13 October 2015
Due Dates and Penalties for Service Tax Return - Form ST-3
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| The Central Board of Excise and Customs processes Excise, Customs along with Service Tax. |
Service Tax Due
Dates for filing for the Financial year 2015-16
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Form
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Period
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ST-3
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Apr-Sept
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25-10-2015
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Oct-Mar
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25-04-2016
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Penalty
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As per rule 7 of
service Tax Rules, 1994 penalty will be levied as follows for delay filing of
ST-3.
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Delay
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Fee(InRs.)
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Upto 15 Days
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500
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From 16 to 30 Days
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1000
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More than 30 Days
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Rs. 1000 + Rs. 100
for each additional delay (Subject to
maximum of Rs.20,000) |
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The delay is to be calculated for the last day immediately
succeeding the last due date of filing return.
Finance Act, 1994
Section 70 of Finance act, 1994 deals with the Penalty for
delay filing of service Tax Return (ST-3).
The section
says as follows:
Section 70(1) Specify the maximum Penalty of Rs.
2,000/- in respect of return filed up to 31st March 2011. This amount of
Maximum Penalty is been increased to Rs. 20,000/- (Twenty Thousand only) w.e.f.
01.04.2011.
By the above statement we can understand that amount payable
in rule 7 shall not exceed the penalty specified under Section 70 of the
Finance Act, 1994.
Note:- Keep All the Documents ready for filling the ST-3 form to make you work easy and in less time.
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