20 April 2013
We have got registration only because we have to pay S.T. as a service recipient (for DIRECTORS SITTING FEE). Now We want to file S.T.3 return for the quarter July to September 2012. But after login in aces site, it doesn't show any option in RET category. Now What to do?
20 April 2013
No, exemption of Rs 10 lacs is not available in case ST is payable on reverse charge. Company is liable to deposit ST even on Re 1 paid to its director as sitting fees. As far as submission of online return is concerned, I guess you have taken registration recently, kindly check whether ST-2 has been issued or not. You cannot file return online unless you have been issued ST-2.
20 April 2013
Mr Ashish please understand the comments first and then explain the same
I have not told the explanation for Exemption of Rs.10 Lacs
it was concerned with the Filing of Online Return that the assessee by whom ST payable(including input Credit) is less than Rs.10 Lacs then it is not mandatory for them to file the return online
Firstly, there is no such limit of Rs 10 lacs. Every assessee is liable to file return electronically. Refer rule 7 of STR. However, there is one limit of Rs 10 lac but that is only with regard to payment of ST electronically, in case your total ST was exceeding 10 lacs in preceeding year.
Secondly, my comment/explanation was directly in connection to the second response of the author, who according to me understood the limit of Rs 10 lacs as exemption to ST on reverse charge and not a limit for filing return. However, I may be wrong in observing so.
Thirdly, I had no intention to negate your views. I just explained what I observed, as generally people understand exemption limit of Rs 10 lac as exemption from payment of ST.
CAclubindia
