VIMAL K. ASHAR (C. A.) (144 Points)
10 May 2008For one of my clients, his total service amount is Rs. 3,00,000. He is not liable to collect and pay tax, but he has collected and paid service tax. Now when we are filing the return of service tax, the department is asking to pay penalty. What to do ?
deepak
(Job)
(31 Points)
Replied 10 May 2008
client has to pay penalty if he has delayed in filling return.
this case would be same as the case above exemption limit i.e. 1000000
OFFICESELVA
(Service)
(515 Points)
Replied 10 May 2008
By collecting service tax you client has decided not to avail small scale exemption. Ttarget='_blank' rel='nofollow' hrefore, all the requirements of the Act should be followed.
chetan
(Student)
(322 Points)
Replied 16 May 2008
hi there... there is no hard n fast rule that a person should not collect service tax if his receipts are below Rs 8,oo,oooo...But receipts above it are to be compulsarily taxed...the departments claim is wrong.. ask for the rules under which they are askin for penalty...!!!!!!!!1111
chetan
(Student)
(322 Points)
Replied 16 May 2008
hi there... there is no hard n fast rule that a person should not collect service tax if his receipts are below Rs 8,oo,oooo...But receipts above it are to be compulsarily taxed...the departments claim is wrong.. ask for the rules under which they are askin for penalty...!!!!!!!!
chetan
(Student)
(322 Points)
Replied 16 May 2008
hi there... there is no hard n fast rule that a person should not collect service tax if his receipts are below Rs 8,oo,oooo...But receipts above it are to be compulsarily taxed...the departments claim is wrong.. ask for the rules under which they are askin for penalty...!!!!!!!!
LIVE Form 10 B and Form 10BB: Handle Tax Audit Reports of Charitable Organizations(with recording)
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