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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



                  Due Date







As per rule 7 of service Tax Rules, 1994 penalty will be levied as follows for delay filing of ST-3.



Upto 15 Days

From 16 to 30 Days


More than 30 Days

Rs. 1000 + Rs. 100 for each additional delay (Subject to 
maximum of Rs.20,000)

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.

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