Service tax return
This query is : Resolved
13 February 2012
Hi..
My assessee is a new partnership firm and had no business (Zero income and Expenses)... But without the knowledge of the provisions, they have registered for service tax number and got it... Since they have not at all started the business (not exceeded the 10 lakhs limit), they have not filed the service tax returns.. Now dept s asking return with penalty... Pls guide to how to handle this... Whether penalty to be paid?
Thanks in advance...
My assessee is a new partnership firm and had no business (Zero income and Expenses)... But without the knowledge of the provisions, they have registered for service tax number and got it... Since they have not at all started the business (not exceeded the 10 lakhs limit), they have not filed the service tax returns.. Now dept s asking return with penalty... Pls guide to how to handle this... Whether penalty to be paid?
Thanks in advance...
13 February 2012
1. Half yearly NIL return has to be filed in form ST-3. Now the said return has to be filed online through www.aces.gov.in
2. Delay in filing the return attracts penalty ( late filing fee ) as per rule 7C of the Service tax Rules,1994. However, the officer has power to waive this penalty since there is no tax collection / liability.
2. Delay in filing the return attracts penalty ( late filing fee ) as per rule 7C of the Service tax Rules,1994. However, the officer has power to waive this penalty since there is no tax collection / liability.
Message likes :
2 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- STCG....................................................
- TAN for Partnership
- Sales return eway bill
- Treatment of Pension ?annuity returns on PMVY
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- AY 26-27 ITR-4 FILING U/S 44-ADA
- Plot of land. Cost of Acquisition
- REGARDING GST LIABILITY/....
- LTCG for Assmt year 26-27
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Small dealers gst returns filing
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
