DISCONTINUATION OF SERVICE TAX
This query is : Resolved
Sanjay Agarwal
(Querist)
19 March 2009
I AM REGISTERED WITH SERVICE TAX FOR LAST 4 - 5 YEARS AND AM CONTINUSOULY DEDUCTING SERVICE TAX AND PAYING WITH GOVT DEPTS AND FILING RETURS ON TIME. BUT EVERY YEAR MY GROSS PROFESSIONAL RECEIPTS ARE BELOW THE EXEMPTION LIMIT. NOW I WANT TO DISCONTINUE DEDUCTING SERVICE TAX FROM 01.04.2009.
PLS ADVICE.
PLS ADVICE.
Rajesh Kumar
(Expert)
19 March 2009
Yes, you can do that.
Dont charge service tax starting from 01.04.2009 and surrender your registration certificate.
Dont charge service tax starting from 01.04.2009 and surrender your registration certificate.
Sanjay Agarwal
(Querist)
20 March 2009
IS SURRENDER OF RC MANDATORY OR WE CAN KEEP THE RC BUT DO NOT CHARGE SERVICE TAX.
20 March 2009
Yes, you can also do so, but in future it can have some consequences, and you also if not surrendered you have to file NIL return half yearly.
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