service tax refund
This query is : Resolved
21 October 2009
we are carring and forwarding agents(firm) of petroleum company.we have made excess pyt of 28000 in march 09.now,can we apply for refund of service tax & what is the procedure to claim refund.we have not filed last return of service tax. what will be penalty on us
ANIL JANGID
(Expert)
21 October 2009
For service tex refund you file form R in triplicate to Ass/Deputy Commissioner excise/service tex.
Refund Application should be filled within 1 yr date of relevant.please insure that the claimed refund should not pass to any other person.
Penalty for delay Return File:
The service tax law recently introduced a provision whereby a late payment fee has been prescribed for delayed filing of returns. The fee for delayed filing of a return up to 30 days from the prescribed date of filing return—for the half year ending September 30, the return is to be filed by October 25—is Rs 1,000 and beyond such period is Rs 100 per day subject to a maximum levy of Rs 2,000. The delay in filing the half-yearly returns in your case is beyond 60 days. Hence, you would be liable to pay the maximum penalty of Rs 2,000.
Refund Application should be filled within 1 yr date of relevant.please insure that the claimed refund should not pass to any other person.
Penalty for delay Return File:
The service tax law recently introduced a provision whereby a late payment fee has been prescribed for delayed filing of returns. The fee for delayed filing of a return up to 30 days from the prescribed date of filing return—for the half year ending September 30, the return is to be filed by October 25—is Rs 1,000 and beyond such period is Rs 100 per day subject to a maximum levy of Rs 2,000. The delay in filing the half-yearly returns in your case is beyond 60 days. Hence, you would be liable to pay the maximum penalty of Rs 2,000.
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