Nil return penalty
This query is : Resolved
26 May 2014
I have not file my service tax return till now for the period oct to march 2014. No service provided by me in this period. I want to surrender my STN. is it possible without filing return or not
If no there is penalty of belated nil return
26 May 2014
Though i am not able to recollect a recent judgement it was in the favor of the service provider. ie if there is no service provided then there is no requirement of filing returns for the same.
27 May 2014
As per section 70 read with Rule 7C of Service Tax rules,there is a maximum penalty of Rs 20,000 in case of non-filing of service tax return.
But the penalty cn be waived off if the Central Excise Officer is satisfied that Gross amont ofservice tax payable was NIL.
Als in a recent judgement of M/s Suchak Marketing Pvt Ltd VS Commission of Service Tax Kolkata (2013),it was upheld that it is not necessary to file NIL Service Tax return.
But the penalty cn be waived off if the Central Excise Officer is satisfied that Gross amont ofservice tax payable was NIL.
Als in a recent judgement of M/s Suchak Marketing Pvt Ltd VS Commission of Service Tax Kolkata (2013),it was upheld that it is not necessary to file NIL Service Tax return.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Post Office RD Interest
- Building and other construction workers welfare cess act 1996
- Bank Accounts in Balance Sheet for ITR 3
- ITR validation error - Balance sheet is not filled
- ITR 3 FILING OF AN INDIVIDUAL (PARTNER IN A PARTNERSHIP fIRM)
- Eway bill for machinery reparing
- Applicable TDS for Purchase of Flat from NRI
- Form 10BD Filling
- Annual return of gst limit
- TDS ON CASH WITHDRAWALS...
- Taxation in the hands of Landowner under JDA
- Change the gender in the registration of icai
- Lift replacement entries in housing society
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
