Any person who has taken benefit of threshold exemption are required to file half yearly return who is registered but still not liable to pay service tax(Receipt not exceeded Rs. 10,00,000/-)
08 August 2012
The rule is slightly changed. It is not receipt based but accrual basis for claiming 10 lacs. Whether amount received or not, you have to get the registration and act accordingly including filing of return. Those who have not crossed 10 lacs but registered also have to file nil return.
Circular No. 97/8/2007-ST, DATED 23-8-2007 says "Persons who are not liable to pay service tax(because of an exemption including Turnover based exemption), are not required to file ST-3 return".
Still you say required to file return and if required then where it should be shown in ST-3 i.e. in which colume.
08 August 2012
The benefit available to individuals and firms to determine POT on the basis of date of payment for eight specified services is being extended to all services in a slightly modified form. The facility will be now available to individuals and partnership firms (including limited liability partnership) up to a turnover of Rs 50 lakh in a financial year provided the taxable turnover did not exceed this limit in the previous financial year. For computing the above limits, the turnover of the whole entity is required to be summed up and not any single registration.
08 August 2012
Mam i think you are not read my question or talking about another circular.Please read question & circular(return part) carefully and REPLY.
CAclubindia
