Hi All,
There is an assessee running consultancy busineess and was regularly filing ST returns uptil 2006, having receipt more than 8 lakhs. From 2007 onwards, consultancy receipt reduced to 1 to 2 lakhs, hence no service tax was collected.
Asessee has neither collected ST on consultancy fees not filed ST returns until 2016. His consultancy income continued to be in between 1-2 lakhs with no charge of ST from clients.
In 2016 onwards, his consultancy income may increase to more than 15 lakhs.
1) Does he require to file Nil ST returns for all the years starting from 2007 till today?
2) Is it necessary to file NIL return for all the previous years, where consultancy income was below the threshold limit?
3) Can I surrender the ST number taking the base that his income was below the limit and escape from filing returns? When income increases to >10 lakhs, he may reaply for the number.
Please guide!
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