Please Wait ..

Sign-in to your account


Username:
Password:

Remember Me

Forgot your password?

Sign-up now



Join CAclubindia.com and Share your Knowledge. Registered members get a chance to interact at Forum, Ask Query, Comment etc.


Discussion > Service Tax > Queries >

Nil service tax return

    Post New Topic
Pages : 1





CA Final and article

[ Scorecard : 583]
Posted On 20 July 2013 at 17:37 Report Abuse

Dear Experts,

One of our clients used to file service tax returns upto 2004, when the threshold limit for service tax was Rs. 3 or 4 lacs. But afterwards the limit was raised to Rs. 8 lacs, and our client stopped filling service tax return as his receipts were less than Rs. 8 lacs.

Now whether the nil return was required to be filed by him?

As per Section 70 of Finace Act, 1994, every person liable to pay service tax  will file service tax return, therefore in my view my client was not required to file service tax return.

Also tell me the procedure to surrender the service tax registration and whether my client can surrender the service tax registration now?


Online classes for CA CS CMA



|)eep@k Gupt/\
CA Student

[ Scorecard : 7584]
Posted On 20 July 2013 at 18:06

Filing of return is compulsory, even if it may be a nil return, within the prescribed time limit, failing which penal action is attracted.

(Para 4.9 of FAQ on Service Tax published at the behest of CBEC)

http://www.servicetax.gov.in/faq-29sept11.pdf
.
Instead of not filing the returns, your client could have claimed benefit of Notification No. 04/2007-ST by filing of service tax return as he was within the extended limit of Rs. 8 lakh.
.
Now, for the period of October 2007 to December 2012, you can take the benefit of ‘Service Tax Amnesty Scheme’ as the VCES scheme is also for stop filers.



Total thanks : 1 times



There are 1 Replies to this message












Post your reply for Nil service tax return



Your are not logged in . Please login to post replies

Click here to login


Not a member yet ?? Click here to signup

Message







    

  • Use thank button to convey your appreciation.
  • Maintain professionalism while posting and replying to topics.
  • Try to add value with your each post.




Forum Home | Forum Portal | Member Control Center | Who is Where | Popular Threads | Today's Topic | Recent Posts | Today's Posts | Post New Topic | Thread With Files | Top Threads This Month | Forum Stats | Unreplied Threads

back to the top