Please Help: SERVICE TAX
Posted Date : 14-Dec-2013 , 06:46:03 pm | Posted By SAURABH GHAI
If assesee files ST-3 of FY 2010-2011 today then penalty for late filing of return would be applicable as per FY 2010-2011 rules or present rules????
Category : Service Tax | Answers : 0 | Comments : 5 | Hits : 250
Answers
Comments
Nitesh kumar gupta
16-Dec-2013 , 03:01:14 pmpenalty will be 20000/-
SUBHASH KUMAR JHA
16-Dec-2013 , 05:29:06 pm20000
Manish Kumar Aggarwal
18-Dec-2013 , 11:34:06 amyes, penalty will be applicable
ANUJ GUPTA
18-Dec-2013 , 04:41:04 pmu r governed by the provision of respective year i.e f.y 2010-2011 but u can claim the benefit of VCES by which u can get rid of penalty.
Adil Malik
18-Dec-2013 , 04:59:15 pmSection 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.Hence 20000/- Penalty is applicable