Revised Return ST 3

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This query is : Resolved

CA. Vinod (Querist)

10 November 2010 Is it possible to revised return after 90 days where no tax implication are there only some mistakes are there with regards to filling of coloumns.If yes, then if the return will be treated as filed late, penalty etc.?

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)

10 November 2010 as per rule 7(b) of service tax has been inserted w.e.f. 01.03.2007 , to allow an assesse to ractify mistake and revised return within 90 days from the date of filing of original return.

as per section 70(1) w.e.f. 11.05.2007 make provision for late filing of return with late fee which can be up to Rs. 2000.00.

for m ore info:-https://www.caclubindia.com/forum/revise-return-beyond-the-time-limit-36545.asp

CA. Vinod

CA. Vinod (Querist)

10 November 2010 Dear Ramesh Ji,

That is fine, but now how to revise. Can I file a new belated return with late fee. Will that be an offence of filing two returns for the same period??

Madhukar N Hiregange

Madhukar N Hiregange (Expert)

13 November 2010 Intimate the office in writing about the error and request condonation for a smal technical error which has no tax implcation. It would nto be replied in normal course nor any demand made officially.

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ANAND

ANAND (Expert)

25 February 2011 The revised return filed after 90 days will be void. No need to pay the late filling fee as the rule 7C reads as "Where the return prescribed under rule 7 is furnished after.....". Where as the revised return is filed under the rule 7B hence not covered by the rule 7C.

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RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)

26 February 2011 i am agree with the eminent experts.

thx experts .

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