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Period Of Delay

Penalty/Late Fee Before Finance Act 2011

Penalty/Late Fee After Finance Act 2011

For Delay Up To 15 Days

Inr 500

Inr 500

For Delay Beyond 15 Days But Up To 30 Days

Inr 1,000

Inr 1,000

For Delay Beyond 30 Days

Inr 1,000 + Inr 100 Per Day (From 31ST Day  subject To A Maximum Amount Of Rs 2000.

Inr 1,000 + Inr 100 Per Day (From 31ST Day  Subject To A Maximum Amount Of Rs 20000.

‘Provided Also That Where The Gross Amount Of Service Tax Payable Is Nil, The Central Excise Officer May, On Being Satisfied That There Is Sufficient Reason For Not Filing The Return, Reduce Or Waive The Penalty’.

 

 

  1. Tax Practical
  2. Practical Service Tax
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CA Maninder Singh
CA Maninder Singh is a Chartered Accountant for the past 7 years. He provides courses for Practical Accounts, Taxation and Efiling at teachoo.com .
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