How to Cancel Service Tax Registration for Company?

Sundeep Bodhankar (HR Strategic Partner) (31 Points)

17 September 2007  

A company into training and placement service wherein the total gross receipts is less than Rs. 50,000/- per annum had applied and got its service tax registration number in 2005. As they fall far below the limit, they failed to file nil returns since registration to date. They didnt even receive any notices from the department yet. 

Now the Board of Directors had decided to wind up their business as they have contineous losses and are particular in surrendering/cancelling their company's service tax registration.

  1. What is the procedure for cancellation?
  2. What are the late penalty charges or fees for nil returns and cancellation charges?
  3. How much time does it take to close this case?

Please update with latest info related to this. Thanks.