The Central Government has extended the date of filing of ST-3 returns to 29.04.2016 from 25.04.2016 owing to certain difficulties being faced by the taxpayers in the ACES application. Order 1/2016 -- Service Tax dated 25.04.2016 has been issued in this regard.
Assessees have faced difficulties in accessing the ACES application on 25th April 2016, therefore, in exercise of the powers conferred by subrule (4) of rule 7 of the Service Tax Rules, 1994, the Central Board of Excise & Customs has extended the date of submission of the Form ST-3 for the period from 1st October 2015 to 31st March 2016, from 25th April 2016 to 29th April 2016 vide Order No. 1/2016-ST.
Penalty on Late filing of Service Tax return
If an assessee has not filed his/her return in due period, the financial impact in respect of penalty could be more than the actual tax liability.read the table below
Period of Delay
Penalty/late fee before finance ACT 2011
Penalty/late fee After finance ACT 2011
for delay up to 15 days
for delay beyond 15 days but up to 30 days
for delay beyond 30 days
INR 1,000 + INR 100 per day (from 31st day subject to a maximum amount of Rs 2000.
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’.