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.
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