1st return
This query is : Resolved
Vikash Ginodia
(Querist)
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.
Vikash Ginodia
(Querist)
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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