THE COMMISSIONER OF SERVICE TAX
Floor, MHU COMPLEX, 692, ANNA SALAI, NANDANAM, CHENNAI 600035
Trade Notice No.14
/2007 ST Dated: 21.05.2007
to be filed for delay in filing ST – 3 Return – Regarding.
* * * * * *
the Service Tax Rules, 1994, after rule 7B, Rule 7C has been inserted vide
Notification No.20/2007 – Service Tax dated 12.5.2007. As per the new Rule
7C, the amount to be paid for delay in furnishing the Half-Yearly ST- 3 Return
after the due date prescribed for filing (i.e. 25th of October
in case of Return for the Half-Year period from April to September and 25th
of April in case of Return for the Half-Year period from October to March)
is as follows:
Fifteen days from the date prescribed for submission of the Return –
Beyond 15 days but not later than thirty days from the date prescribed
submission of such Return - Rs.1000/-
Beyond thirty days form the date prescribed for submission of the
one thousand rupees plus one hundred rupees for every day from the 31st
day till the date of furnishing the said return.
Provided that the
total amount payable in terms of this rule, for delayed submission of return,
shall not exceed the amount specified in section 70 of Finance Act, 1994. The
amount specified in Section 70 is Rs.2000/-.
that where the amount as prescribed under this rule for delayed submission of
return, the proceedings, if any, in respect of such delayed submission of
return shall be deemed to be concluded.
A copy of the
Notification No.20/2007 – Service Tax dated 12.5.2007 issued in this regard is
enclosed for information.
All the Trade
Associations are requested to bring the contents of the Trade Notice to the
attention of the their members, in particular, and the trade and all other
concerned in general.
( Issued from file C.No. IV/16/01/2007-STC
( P.K.JAIN )
per mailing list.
(Both Trade and Department.)
Members of the R.A.C.
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