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Service tax return

vaibhav (Student CA Final ) (65 Points)

31 October 2014

I HAVE GOT MY SERVICE TAX REGISTRATION DONE IN SEPTEMBER,2014 BUT THE LIABILITY ARISE IN P/Y 2013-14, CAN I FILE SERVICE TAX RETURN OF THAT PREVIOUS YEAR NOW EVEN THOUGH MY REGISTRATION IS OF CURRENT YEAR?

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Vinay Garg (Service Tax Expert) (780 Points)
Replied 31 October 2014

Originally posted by : vaibhav
	I HAVE GOT MY SERVICE TAX REGISTRATION DONE IN SEPTEMBER,2014 BUT THE LIABILITY ARISE IN P/Y 2013-14, CAN I FILE SERVICE TAX RETURN OF THAT PREVIOUS YEAR NOW EVEN THOUGH MY REGISTRATION IS OF CURRENT YEAR?

Dear Mr. Vaibhav,

Yes, you should file service tax return of PY alongwith penalities and interest. You shall pay

the simple interest u/s 75 at the rate of 18% p.a. for late payment of service tax. But in case your value of taxable service did not exceed Rs. 60 Lakhs during any of the last or current financial year, then interest rate will be 15% p.a. for you.
Penality under Rule 7C of Service Tax Rules 1994 for late filing of return
- Rs.1000/- + Rs.100 for everyday from the 31st day till date of furnishing of return (subject to maximum of Rs.20000/-)

You may also attract Penality u/s 77 for delay in taking registration which may amounts upto Rs. 10,000/-

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vaibhav (Student CA Final ) (65 Points)
Replied 12 November 2014

Dear Mr. Vinay Garg

Thanks for the advice but since i was not registered for that period i cannot file return for that period. So While filing the return of Current half year can I include previous year's balances as well?