Service tax exemtion urgent

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Querist : Anonymous

Querist : Anonymous (Querist)

24 December 2011 Sir, I have income below 8 lakhs whether i have to fill the income details in e-filing form(ST-3).

PAWAN KUMAR

PAWAN KUMAR (Expert)
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24 December 2011 If you have registered under Service Tax Law then you have to mandatory file your service tax return ST-3 online fulfilling all the details of value and tax paid.

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
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24 December 2011 Agreed with expert.
In terms of Rule 7 of Service Tax Rules, 1994 (‘ST Rules’), every taxpayer has to file half-yearly returns in prescribed form, either electronically or manually. However, in April 2010, Central Board of Excise and Customs (‘CBEC’) had amended ST Rules and made e-filing compulsory for the taxpayers who had paid Service tax amounting to INR Ten Lakh or more (including the amount paid by utilisation of CENVAT credit) in the preceding financial year.
Recently Notification No 43/ 2011 – Service tax dated 25 August 2011 has been issued by CBEC. As per the Notification, with effect from 1 October 2011, it is mandatory for all the taxpayer, (irrespective of their Service tax liability in the preceding year) to file the Service tax returns electronically. Accordingly, all returns filed on or after 1 October 2011 will be required to be filed electronically.

More explaining link is:

https://www.caclubindia.com/experts/exemption-limit-can-be-claim-in-subsequent-year-847525.asp

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