OFFICE OF THE COMMISSIONER OF SERVICE TAX

6th Floor, MHU COMPLEX, 692, ANNA SALAI, NANDANAM, CHENNAI 600035

 

Trade Notice No.14 /2007 ST                                             Dated: 21.05.2007

 

 

SUB:- Amount to be filed for delay in filing ST 3 Return Regarding.

 

* * * * * *

 

                        In 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:

 

(i)                  Fifteen days from the date prescribed for submission of the Return    Rs.500/-

(ii)                Beyond 15 days but not later than thirty days from the date prescribed

For submission of such Return  - Rs.1000/-

(iii)               Beyond thirty days form the date prescribed for submission of the Return, an

Amount of 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/-.

 

            Provided further 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 )

  COMMISSIONER

 

To

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