Notification 33/2012 of service tax
This query is : Resolved
06 January 2015
Respected Sir,
i am working with a service tax file of builder of residential complexes. in half of April to September firm received rs. 15,00,000/- for booking for first time, on which he paid st @ 3.09% without availing exemption under notification 33/2012. now firm received rs. 18,00,000/- for booking. exemption of notification 33/2012 is applicable for half of Oct. to march or firm is liable to pay st on 18,00,000/- please help me.
i am working with a service tax file of builder of residential complexes. in half of April to September firm received rs. 15,00,000/- for booking for first time, on which he paid st @ 3.09% without availing exemption under notification 33/2012. now firm received rs. 18,00,000/- for booking. exemption of notification 33/2012 is applicable for half of Oct. to march or firm is liable to pay st on 18,00,000/- please help me.
06 January 2015
The option as to non-availment of such small scale exemption and opting to pay tax once exercised, cannot be withdrawn during the remaining part of such financial year.
So Firm is liable to pay at on 1800000/-
So Firm is liable to pay at on 1800000/-
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07 January 2015
is there any way to carry forward excess amount paid by firm or exemption will be applicable in next year ?
07 January 2015
It is not amount to excess paid
Exemption will not be applicable in next year as exemption limit crossed in previous year
Exemption will not be applicable in next year as exemption limit crossed in previous year
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09 January 2015
someone told me to ask about revise return. may i revise to avail exemption.
09 January 2015
As per Rule 7B of the service tax rule 1994, an assessee may file service tax revised return in triplicate in FORM-ST-3 to correct the mistake or ommission, within a period of 90 days from the date of SUBMISSION OF RETURN under rule 7
U can only revise the return within 90 days from date of submission.(Not from Due date)
U can only revise the return within 90 days from date of submission.(Not from Due date)
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