Penalty for late filing of service Tax Return
Rule 7C Prescribe the Penalty for delay in filing of service Tax Return.
Penalty/late fee After Finance Act, 2011 (W.e.f. 01.04.2011)
for delay up to 15 days >>> INR 500
for delay beyond 15 days but up to 30 days >>> INR 1,000
for delay beyond 30 days >>> INR 1,000 + INR 100 per day (from 31st day subject to a maximum amount of Rs 20000).
‘Provided also that where the gross amount of service tax payable is nil, the Central Excise officer may, on being satisfied that there is sufficient reason for not filing the return, reduce or waive the penalty’.