25 October 2010
CAN U PLEASE TELL ME WHAT IS THE PENALTY FOR LATE FILING OF RETURN THE DUE DATE IS 25/10/2010 AND I AM FILING RETURN ON 01/11/2010 WHAT WILL BE THE PENALTY AMOUNT
26 October 2010
Thanks ,further pl clarify the following position,one has taken registration in Oct 2010 ,although he has collected service tax & there is input service tax also on his incoming bills since april 2010,so now will there is be any problem in case he wants to deposit the net tax as may be due inculding of interest part (means in taking input tax credit can there be any issue for the period for which he has not taken registration no )?
26 October 2010
While issuing bills to his clients what has he mentioned in the bill i. e. his service tax registration number? And if he has not mentioned then he cannnot have collected the service tax.
But in your case u state that ST is collected. So now he has to pay along with interest. Also penalty for late registration will be levied to him for delay in registration.
If he was providing taxable service then there will be no problem as such as the condition mentioned i think is providing taxable service and not registration.
CAclubindia
