Service Tax

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This query is : Resolved

ROHIT U. PURECHA (Querist)

23 April 2009 If assessee has taken registration of service tax and he is below thresh hold limit of 10 lacs. He is neither liable to pay any service tax nor he is having any input credit.
Is ST 3 require to file NIL return ? Assessee only having service tax regstration under service tax.

Brij Bhushan Sangal

Brij Bhushan Sangal (Expert)

23 April 2009 If assessee turnover is below maximum limit, he have not required for file st returns but he should maintane proper accounts for any inquery.

CA Tilak Raj Sharma

CA Tilak Raj Sharma (Expert)

23 April 2009 Brij is correct.

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)

23 April 2009 I beg to differ from the view of the above experts. If a service provider has ST registration and enjoys threshold exemption benefit still he has to file returns in ST-3.

ROHIT U. PURECHA

ROHIT U. PURECHA (Querist)

23 April 2009 Can u tell me sir in which section this has mentioned. Because in act also it is given that assessee may file return. Mandatery filing of return is nowhere mentioned.

SIDDHARTHA SANKAR ROY

SIDDHARTHA SANKAR ROY (Expert)

23 April 2009 I agree with Mr Chakrapani, even if the assessee is within the threshold limit and is registered with the Service Tax Department, he has to submit ST-3 return.