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Period Of Delay |
Penalty/Late Fee Before Finance Act 2011 |
Penalty/Late Fee After Finance Act 2011 |
|
For Delay Up To 15 Days |
Inr 500 |
Inr 500 |
|
For Delay Beyond 15 Days But Up To 30 Days |
Inr 1,000 |
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 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’.
