1st return
This query is : Resolved
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
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
18 September 2014
Do not file return unless you receive notice from Service Tax department.
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??
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/-.
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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