Penalty for Non filing NIL returns
This query is : Resolved
CA Vijay Agrawal
(Querist)
06 December 2008
how to waive penalty under the act for non filing NIL returns under Service Tax
suggest some relevant legal provision in this respect
suggest some relevant legal provision in this respect
Nilesh Shah
(Expert)
07 December 2008
Nilesh Shah Writes:
E mail: nilesh63@vsnl.com
An individual is required to file a return of income only if his income exceeds the basic exemption limit. This is the provision in section 139(1)(b) itself.
Sincerely,
Nilesh Shah
E mail: nilesh63@vsnl.com
An individual is required to file a return of income only if his income exceeds the basic exemption limit. This is the provision in section 139(1)(b) itself.
Sincerely,
Nilesh Shah
Nilesh Shah
(Expert)
07 December 2008
Nilesh Shah Writes:
E mail: nilesh63@vsnl.com
An individual is required to file a return of income only if his income exceeds the basic exemption limit. This is the provision in section 139(1)(b) itself.
Sincerely,
Nilesh Shah
E mail: nilesh63@vsnl.com
An individual is required to file a return of income only if his income exceeds the basic exemption limit. This is the provision in section 139(1)(b) itself.
Sincerely,
Nilesh Shah
Late CA Sampat Jain
(Expert)
07 December 2008
If someone is not liable for filing return , penalty for not filing can not be imposed on him
CA Vijay Agrawal
(Querist)
07 December 2008
Sorry sir i am not satisfied with this answere
CA Vijay Agrawal
(Querist)
07 December 2008
i want the legal provision for waiving penalty.
there is penal provision under service tax for non filing nil returns
i want that is there any legal provision is there for waiving of penalty
there is penal provision under service tax for non filing nil returns
i want that is there any legal provision is there for waiving of penalty
08 December 2008
A default is default whether grave or not. As a registered person you have undertaken to report the activities required under a statute, if you are not reporting for bona fide reason, inform that to the Authorities, they will consider it. If you are your self deciding that you need not ifle a return because of nil activity, then you are committing a default. But can refer to Hindustan Steel case which is decision given by constitutional bench.
08 December 2008
For waiver of penalty for non filing of service tax nil return 3rd proviso to rule 7C of the service tax rules, 1994 will give you the answer.
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