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Filling of return

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This query is : Resolved

vishal suryan (Querist)
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09 December 2011 My client is registered under service tax since 7 years,, 8 months back he establishes a partnership firm,, now he wants to surrender the ST Certificate by filling NIL return, and apply for new registration on firm name;;;; can he do so meanwhile he collected ST from his clients and wants to show it on firm name without registering firm under service tax

PUNEET GOYAL

PUNEET GOYAL (Expert)
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10 December 2011 Yes u can do it. you have to pay penalty for submission of return.

In case of year of commencement of business you are exempted to get urself registered under the service tax act upto aggregate gross value of Rs. 9 lakh but in this case u can not collect tax from the client. If you are collecting service tax then u have to take registration irrespective of value of taxable services.

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