26 January 2017
Dear Experts,
One of our client (Fashion Designer) has started his business from Apr 2014. He took Service Tax Registration on apr 2014(on commencement of business itsef). But he has not collected ST from his customers. Gross receipts for FY 2014-15 and FY 2015-16 was less than 10 Lacs. Till now the client has not filed any ST Returns.
My query is Can we file ST-3 now for the above mentioned years claiming Small Service Provider Exemption or Ignore it & file the return as and when ST is being collected?
Suppose if we file ST-3 now for the past period will late filing fee be levied? Any chances for avoiding that late filing penalty?? Pls suggest ur opinions.
- CA.S.Raja