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Penalty for ST3 Return

Service Tax - Started By: - Raja krishnan - Dated:- 15-7-2016 Last Replied Date:- 17-7-2016 - Sir, A export unit belatedly filed their ST3 during the period of 2013-2014 and after that they have paid applicable interest for the delay days...now department insist to applicable penalty. Whether it is correct...Please clarify - Reply By Ganeshan Kalyani - The Reply = Sir, Section 70(1) of Finance Act, 1994, as amended w.e.f. 08.04.2011 provides that in cases where returns are filed after due date, .....

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fee for delay in filing ST-3 return. On the other hand at the same time, the doors of Section 77 (2) are open. Late fee and penalty are totally different in the eyes of law. - Reply By Ganeshan Kalyani - The Reply = Yes Sir I agree with you. Thanks. - Reply By Rajagopalan Ranganathan - The Reply = Sir, According to proviso 2 of rule 7C of Service Tax Rules, 2004 where the assessee has paid the amount as prescribed under this rule for delayed submission of return, the proceedings, if any, in res .....

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