If you are filing Service tax return after the due date then you may be held liable for the late fee upto Rs. 20,000. Every taxable service provider is mandatory required to e-file half yearly ST-3 return within 25 days of the end of the half year i.e., 25th October and 25th April every year. Late fee for delayed filing Mandatory late fee for delayed filing of ST-3 Return is as follows:
- Delay upto 15 days – Rs.500
- Beyond 15 days and upto 30 days – Rs.1000
- Delay beyond 30 days – Rs.1000 plus Rs.100 per day of delay beyond 30 days, from 31st day onwards, subject to, the ceiling limit of Rs. 20000.
In case of delayed filing of ST return, the appropriate late fee should be paid at the time of filing the return, without waiting for any communication or notice from the department. Penalty for late filing of return If ST return is not filed within due date, penalty is leviable, which can be upto Rs. 10,000. The penalty can be waived, if assessee proves that failure was due to reasonable cause.
Waiver or reduction of penalty by Central Excise Officer, if service tax payable was Nil ST return is required to be filed even if service tax payable is Nil. However, in this case Central Excise Officer can reduce or waive penalty, if return was not filed, if sufficient cause is shown. Moreover, if late fee is paid by the assessee then penalty will not be imposed. Penalty in case providing more than one service If assessee is providing more than one service, there is only one penalty for delay in filing return and no separate penalties for each taxable service.
For any query, support or feedback, reach us at India Tax & Legal Compliance or WA us at +91-9230033070 or Call us at 1800-102-7550
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