Tax payment

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This query is : Resolved

B.R.Vinod kumar (Querist)

23 September 2016 Dear sir, my query. example. my client turnover is Rs.150000. he collect the service tax from is first bill. so he have eligible for abatement of 1000000. or not.

Amol S Joglekar

Amol S Joglekar (Expert)

23 September 2016 If he is charging service tax, although not applicable to him....he can NOT claim the basic exemption.

B.R.Vinod kumar

B.R.Vinod kumar (Querist)

23 September 2016 thank you. and one more query if the client cross the limit in oct2015. so st3 return filled 1st half or second half (but he collect the tax first bill).

CA Sumiit B Nagpal

CA Sumiit B Nagpal (Expert)

23 September 2016 ST Return shall be filed for both the half years irrespective of whether he has collect the tax or not. NIL return is also mandatory, if one is having ST registration

B.R.Vinod kumar

B.R.Vinod kumar (Querist)

23 September 2016 for nill return , we submit now ,there is any interest and penalties to pay.

CA Sumiit B Nagpal

CA Sumiit B Nagpal (Expert)

23 September 2016 Yes the penalty for late filing of return is 200 per day subject to maximum of Rs. 25000/-.

B.R.Vinod kumar

B.R.Vinod kumar (Querist)

23 September 2016 sir sorry, the penalty amount is per day ia 100 and maximum is 20000. may i correct

CA Sumiit B Nagpal

CA Sumiit B Nagpal (Expert)

23 September 2016 My apologies , may be i have not paid penalty for quite a sometime, thankyou for updating :)