Filing nil return

This query is : Open

Neelkant (Querist)
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07 April 2014 Sir,
While filing a NIL return is it necessary to give the value of service provided by the assessee in the relevant half year for which return is to be filed?
If yes then how?

Vidya Jain

Vidya Jain (Expert)
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07 April 2014 Neelkant,

In case you have provided the taxable service below Rs. 10 Lacs, You need to provide the value of taxable services Gross taxable column and in Exemption column the same amount.

Then, your service tax liability will alos be NIL

Feel free to contact in case you require any clarifications

Message likes : 1 times

Neelkant

Neelkant (Querist)
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08 April 2014 Thanks a lot Ma'am...

Neelkant

Neelkant (Querist)
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09 April 2014 Ma'am,
With reference to the above, suppose the service provider is a proprietor and has filed a nil return for his first half year claiming such exemption(assuming the gross receipts for the first half being 4lacs), later during the year converts his constitution,then in such case will the services provided during the next half be taxable after the limit of 6lacs is crossed or a new limit of 10lacs would be allowed to the firm.

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