Service tax query
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
02 March 2015
Dear expert.
in this FY 2014-15 I have not charged because my turn over was less than exemption limit nor i have filled first half yearly Nil ST return also.
i want to know:- in this condition whether nil ST return filled is mandatory or not. if yes.
fact that i have not filled first half yearly nil return this year. now i would have pay any interest & penalty for filling first half yearly return now
in this FY 2014-15 I have not charged because my turn over was less than exemption limit nor i have filled first half yearly Nil ST return also.
i want to know:- in this condition whether nil ST return filled is mandatory or not. if yes.
fact that i have not filled first half yearly nil return this year. now i would have pay any interest & penalty for filling first half yearly return now
03 March 2015
Yes it is mandatory ... interest question does not arise since tax liability is nil... you can claim relief under Rule 7C Provided also that where the gross amount of service tax payable is nil, the Central Excise Officer may on being satisfied that there is sufficient reason for not filing the return, reduce or waive the penalty.
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