Tax payment
This query is : Resolved
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.
23 September 2016
If he is charging service tax, although not applicable to him....he can NOT claim the basic exemption.
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).
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
23 September 2016
for nill return , we submit now ,there is any interest and penalties to pay.
23 September 2016
Yes the penalty for late filing of return is 200 per day subject to maximum of Rs. 25000/-.
23 September 2016
sir sorry, the penalty amount is per day ia 100 and maximum is 20000.
may i correct
23 September 2016
My apologies , may be i have not paid penalty for quite a sometime, thankyou for updating :)
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