As per Sec 70 (1), if an assessee files service tax returns after the due date, a specific amount has to be paid as late fee.
Serendipitous Clicks filed their returns after the due date, and hence attracted a late fee of ₹ 100.
To record payment of late fee
Go to Gateway of Tally > Accounting Vouchers > F5: Payment
Click on S: Stat Payment.
Click F12: Configure, and enable Allow Other Payment Types.
Select Service Tax as the Tax Type.
Enter 1-4-2015 in the Period from field and 30-4-2015 in the To field.
Select Late Fee in the Type of Payment.
Press Enter.
Select bank ledger in the Account field.
Select the expense ledger for arrears under Particulars.
Enter the Amount as 100.
Press Enter.
Enter the Bank Allocation details, as applicable.
Press Enter.
Enter Narration. if required.
The Payment invoice appears as shown below:
Press Ctrl + A to save the invoice.
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