03 November 2008
Service tax provides exemption on the amount of services provided by the assessee. If an assessee is below exemption limit, is it necessary to file nil service tax return. If assessee has not filed service tax return for say two to three years, can he cancel his registration? Can officer will ask for nil returns. Is there any penalty.
03 November 2008
If the service provider has registered with service tax deparment he/they has/have to file half yearly return in the prescribed time, irrespective of exemptions/abetment, failing which deparment can levy belated filing fee upto a maximum of Rs 2000/- per return. Non filing of return for 2 to 3 years is not a reason to cancel the registration.