Service Tax Return to file or not
This query is : Resolved
26 April 2011
Dear friends
Our client got registered himself with service tax in January 2010. His total taxable services is below 10 lakhs in financial year 2009-10 and 2010-11 due to which he has not collected any service tax.
Now
1. Should he file a nil return? If he does not file whether there is any penalty for the same.
2. Does he have to pay service tax on below 10 lacs even though service tax has not collected?
Our client got registered himself with service tax in January 2010. His total taxable services is below 10 lakhs in financial year 2009-10 and 2010-11 due to which he has not collected any service tax.
Now
1. Should he file a nil return? If he does not file whether there is any penalty for the same.
2. Does he have to pay service tax on below 10 lacs even though service tax has not collected?
26 April 2011
1. ST-3 has to be filed. Belated filing attracts penalty under rule 7C of the service tax rules,1994 though it can be waived since there is no tax effect.
2. No need to pay ST, for want of collection.
2. No need to pay ST, for want of collection.
Message likes :
1 times
26 April 2011
Aggreed , you have to file ST-3.
Now maximum penatly for non-filing of Service tax is increased to 20 times i.e Rs.20000/-
Hence file ST-3.
Now maximum penatly for non-filing of Service tax is increased to 20 times i.e Rs.20000/-
Hence file ST-3.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- TDS U/S. 194NF
- ITC temporary reversal and reclaim
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- GST on export of services and Input Credit
- Applicable TDS rate for sale of property in Nov 2024
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Credit profit and loss account in case of bonus share received
- How to determine cost of acquisition of shares on De-merger or Merger
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
Trending Online Classes
CAclubindia
