TMI BlogPenalty for Late RegistrationX X X X Extracts X X X X X X X X Extracts X X X X ..... I have voluntarily registered with the service tax department and paid all the relevant taxes. And i have not received any kind of notice from the department so as to register. And now now upon manual scrutiny the officials are asking me to pay a penalty. Is it right as per the law or is there any concession for voluntary registering. Also i have filed my ST3 returns lately, but i have paid a ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ll the tax with interest. so should I pay late filing penalty or is there any chance to avoid it???? please help me in this regard......... - Reply By KASTURI SETHI - The Reply = No concession for such voluntary registration. You will have to pay penalty for late filing ST-3 returns. Maxi. Penalty ₹ 20000/-If ST-3 return is NIL, there is relaxation. Otherwise no relaxation. - Rep ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ly By Mahir S - The Reply = Sir, For late filing of returns, you have to now pay penalty as explained above. For late payment of service tax , you ought to pay the interest under section 75 of Finance Act, 1994 . However, for Penalty, you may take recourse to section 76(1)(i) and no need to pay penalty when duty and interest paid before issuance of notice. - Reply By KASTURI SETHI - ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... The Reply = I endorse the views of Sh. Mahir S. sir - Reply By surya narayana - The Reply = Dear Sajjan Ji, I fully agree with the views expressed by our learned friends. Further, there is no relaxation from penal provisions for voluntary compliance if it is a late compliance. Also it is the general expectation that every person who is required to get himself registered and to file periodical r ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... eturns under any Act, must comply with such requirements as per the provisions and if any subsequent compliance ( delayed) will not get any immunity from penal action. Best Regards Suryanarayana - Reply By KASTURI SETHI - The Reply = Sh.Surya Narayana Ji, Thanks, Sir. Rightly explained and advised. Dispelled the doubts from the questioner's mind. - Reply By Ganesh ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... an Kalyani - The Reply = Nicely explained by the experts above. - Penalty for Late Registration - Query Started By: - Anand Sajjan Dated:- 8-3-2016 Service Tax - Got 6 Replies - Service Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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