Service tax
This query is : Resolved
01 April 2015
Dear Sir,
I am working in a pvt ltd co. whose business is a C&FA business.
we We take insurance policies to cover the risk of fire,stock,plant & machinery,vehicles etc.
1)The service tax paid on insurance premium to general insurance company can be available as input credit.
2)can we take credit of service tax against audit fees.
3)we filled the submit service tax return online for the period apr-12 to oct-12 but forgot to submit online,so status is showing save mode,in the meanwhile we submitted the hard copy to the department.
But now department is asking for penalty,can it be justified.
I am working in a pvt ltd co. whose business is a C&FA business.
we We take insurance policies to cover the risk of fire,stock,plant & machinery,vehicles etc.
1)The service tax paid on insurance premium to general insurance company can be available as input credit.
2)can we take credit of service tax against audit fees.
3)we filled the submit service tax return online for the period apr-12 to oct-12 but forgot to submit online,so status is showing save mode,in the meanwhile we submitted the hard copy to the department.
But now department is asking for penalty,can it be justified.
01 April 2015
1. yes since it is paid for your business purpose.
2.yes
2.yes
01 April 2015
3. Penalty has to be paid since the return was not submitted within due date. Can not be justified just because you forgotten to submit. Unless submitted return is not complete.
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