02 May 2014
Case: credit on input services from april 2013 to june 2013 was taken and services provided exceeded Rs.10 lacs in june 2013. However ST registration was done in november 2013.
Question: whether ST return for the 1st half year should be filed as belated return? (note: ST registration not available for that period) or any thing else that should be done?
03 May 2014
U PAYABLE PENALTY FOR LATE REGISTRATION RS 10 000/- SECTION U/S 77 APPLICABLE
NOT REQUIRED FILING S T 3 RETURN FOR APR TO SEP 2013. U ARE REGISTERED IN NOV 2013.
BUT PREVIOUS PERIOD PAY LIABLITY OF STAX WITH INTEREST 15% BELOW 50 LACS OR 18% ABVOE 50 LACS RECEIPTS. + PENALTY Failure to make payment of service tax within time - Section 68)
IN ST3 OCT TO MAR 2013-14 RETURN U SHOW OLD ARREARS DUE AND INTERST AND LATE REGISTRATION FEE + PENALTY SHOW FIGURES
NOT PROBLEM AT THE TIME OF AUDIT AND FURTHER FUTURE INSPECTION OF BOOKS.
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