Service tax return compulsory or not?-urgent

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Anoop.V.P

Anoop.V.P (Querist)

20 October 2016 We have service tax registration
We have not provided any taxable service yet.
We have only service tax credit on telephone bills
Is it compulsory to file service tax return for half year ending 30-09-2016.
Please.Help me.I want section/rule/notification number.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

20 October 2016 Yes file Nil service tax return.

KAVIRAJA ADDANGADI

KAVIRAJA ADDANGADI (Expert)

21 October 2016 Yes, It is Compulsory to File ST-3 Return. As per Rule 7C; where the return prescribed under rule 7 is furnished after the date prescribed for submission of such return, the person liable to furnish the said return shall pay to the credit of the Central Government, from the date prescribed for submission of return i.e. 25th of the month following the particular half year till the date of furnishing of the said return, the following penalty:

Now, As per Section71 (C) of the Finance Bill 2011 proposed vide Union Budget on February 28, 2011; ‘in Section 70 (1) of the Finance Act, 1994, for the words “two thousand rupees”, the words “twenty thousand rupees” shall be substituted

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