16 May 2013
we are in receipt of service tax notice prescribing for payment of penalty for non filing of return? my question is that If value of service is below threshold limit then is it necessary to pay the service tax & file service tax return for the same year? If penalty is imposed for the same reason the n is there any sufficient grounds or provisions to waive that penalty under service tax act? Please guide me.
16 May 2013
even if your service value is below threshold limit you are required to file the return of NIL tax on due dates, (half yearly) IF YOU HAVE TAKEN THE REGISTRATION.
as the penalty is as per law, this can not become a sufficient reason.