Tds returns

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Querist : Anonymous

Querist : Anonymous (Querist)

07 July 2015 hi all,

any one can explain me what is due date for TDS/SERVICE TAX . it is done by quarterly or monthly pls explain me...?

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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07 July 2015 The due dates for filing of TDS/TCS statement are:

15th of July for Quarter 1,
15th of October for Quarter 2,
15th of January for Quarter 3 and
15th May for last Quarter

Form 24Q - for salaries
Form 26Q - for non salaries
Form 27Q - For Non Resident (TDS deducted u/s 195)
Form 27EQ - for TCS
Form 26QB - Challan –cum-Statement for TDS deducted on Sale of Immovable Property u/s 194IA.
Form 27A/27B Control sheet for electronic TDS/TCS

Fess for delay in filing of TDS return is Rs 200/- per day subject to maximum of TDS amount involved.

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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07 July 2015 DUE DATE OF FILING SERVICE TAX RETURN IN FORM ST3 IS--

FOR 1ST HALF - 25TH OCTOBER
FOR 2ND HALF - 25TH APRIL.

Penalty for Delay in filing Service Tax Return

# Delay of first 15 days then penalty will be Rs. 500
# Delay of 15 to 30 days then penalty will be Rs. 1000
# If Delay is more than 30 days then penalty will be Rs 1000+100 Rs. per day beyond 30 days, Subject to maximum penalty can be Rs. 20000/-

Also Note:

No penalty for late filing of Nil return. Citation: M/s SUCHAK MARKETING PVT LTD VERSUS COMMISSIONER OF SERVICE TAX, KOLKATA (2013 (6) TMI 641 - CESTAT KOLKATA) Penalty for late filing of Nil return - Held that:- in view of the Boards Circular No.97/8/07-ST dated 23.08.2007, in the event, no service is rendered by the service provider, there is no requirement to file ST-3 Returns. - there is nothing contrary to that circular - as per Rule 7C of the Service Tax Rules, in the event, nil returns are filed, the assessing officer had the discretion to waive the late fees for filing the ST-3 Returns. In my view, it is a fit case to invoke the proviso to Rule 7C and waive the late fees relating to the nil returns filed by the appellant during the period April, 2005 to March, 2008. - Penalty dropped.

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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07 July 2015 https://www.caclubindia.com/forum/compliance-handbook-329427.asp#.VX2H4_mqqko

Also check out Compliance handbook from above link for more Information related to Service Tax, TDS and Other Taxes etc.

Querist : Anonymous

Querist : Anonymous (Querist)

08 July 2015 THanks a lot sanjay ji

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