Annual return.
Ketan Lathia (CA Practice ) (125 Points)
13 June 2016Ketan Lathia (CA Practice ) (125 Points)
13 June 2016
CA Anant Tyagi
(CA)
(283 Points)
Replied 13 June 2016
As per Notification No. 19/2016-
Exemption from Annual Return filing is to be notified by Department.
karan jit singh
(Consultant)
(1299 Points)
Replied 13 June 2016
Every assessee shall file an annual return in prescribed form.Assessee, who has paid duty of excise < RS. 1CR during the financial year is exempted from filing the said statement in Form ER-4 that is required to be filed latest by 30th November of the succeeding year. Accordingly, it may be hoped that similar exemption is provided to service tax assessees based on the quantum of service tax paid in a financial year. However, as the small scale exemption limit in excise is much higher than that prevalent in service tax, there is possibility that the limit of service tax payment may be specified on lower side. The last date for filing of annual return is 30th November of the succeeding financial year with the option to revise the return within one month from the date of filing of original return.
Regards
Karanjit Singh | +91-7503588224
CA Anant Tyagi
(CA)
(283 Points)
Replied 13 June 2016
Dear Karanjit
I think you are talking about excise annual return.
karan jit singh
(Consultant)
(1299 Points)
Replied 13 June 2016
I am talking about both.read carefully
Regards
Karanjit Singh | +91-7503588224
Read more at: /forum/service-tax-on-advertising-agency-of-print-media-newspaper--361869.asp
Ketan Lathia
(CA Practice )
(125 Points)
Replied 13 June 2016
Thank you for the reply
The 1st annual return will be for the period from 1st april 2016 to 31st March 2017 and the due date will be 30th Nov 2017 ??
Request you to Correct me if am wrong.
Thanks.
karan jit singh
(Consultant)
(1299 Points)
Replied 13 June 2016
Originally posted by : Ketan Lathia | ||
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Thank you for the reply The 1st annual return will be for the period from 1st april 2016 to 31st March 2017 and the due date will be 30th Nov 2017 ?? Request you to Correct me if am wrong. Thanks. |
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Rules came into force on the 1st day of April, 2016.
CA Anant Tyagi
(CA)
(283 Points)
Replied 13 June 2016
This notification is applicable from 1st April 2016. Hence assessee has to file the annual return for the financial year 2015-2016 also. So Due date is 30th Nov 2016
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