1st return

This query is : Resolved

Vikash Ginodia (Querist)
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18 September 2014 Dear Sir,

I took new registration for service tax for a pvt. ltd. co. in Jan '14 but forgot to file ST return for the Fin. Yr. 2013-2014. There was only 1 credit entry but no output tax for the said year.

What is the most suitable course of action I can take now.

Thank's & Warm Regards

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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18 September 2014 Do not file return unless you receive notice from Service Tax department.

Vikash Ginodia

Vikash Ginodia (Querist)
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19 September 2014 Sir, thank you for your reply. But should not I file return this year as filing of return is compulsory?? Moreover what would be the penalty applicable in case of non-filing??

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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19 September 2014 As per Rule 7C there will be levied following fees for delayed filing of service tax return.

Upto 15 days - Rs 500.
16 to 30 Days - Rs 1000
More than 30 Days - Rs 1,000/+ Rs 100 for each day of further delay

Maximum penalty Rs 20000/-.

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