Help for Non-Filiing of Returns

HI friends,

I recently Joined the computer firm...  Company had not filed any returns and even not deposited any collected service Tax (as per below details ) ..  if some one help me on following details i wil very thankful to them..

2006-2007 service Tax collected Rs. 13322/-

2007-2008 Service Tax collected  Rs.  17749/- 

2008-Till date Service Tax collected Rs. 16,857/

service Tax No taken on May-2006  till company had not filed any returns and not deposited any Tax... pls advice me what will be panalty and net tax company have to pay

with warm regards

Rajesh Shah

Replies (5)
Originally posted by :rajesh
" HI friends,
I recently Joined the computer firm... Company had not filed any returns and even not deposited any collected service Tax (as per below details ) .. if some one help me on following details i wil very thankful to them..
2006-2007 service Tax collected Rs. 13322/-
2007-2008 Service Tax collected Rs. 17749/-
2008-Till date Service Tax collected Rs. 16,857/
service Tax No taken on May-2006 till company had not filed any returns and not deposited any Tax... pls advice me what will be panalty and net tax company have to pay
with warm regards
Rajesh Shah
"

 

File Service Tax return as quickly as possible because penalty for service tax return is more than income tax.

Originally posted by :rajesh
" HI friends,
I recently Joined the computer firm... Company had not filed any returns and even not deposited any collected service Tax (as per below details ) .. if some one help me on following details i wil very thankful to them..
2006-2007 service Tax collected Rs. 13322/-
2007-2008 Service Tax collected Rs. 17749/-
2008-Till date Service Tax collected Rs. 16,857/
service Tax No taken on May-2006 till company had not filed any returns and not deposited any Tax... pls advice me what will be panalty and net tax company have to pay
with warm regards
Rajesh Shah
"

 

Interest @ 13% p.a. from the date on which not tax deducted

and penalty for non filing of return Rs. 100/- per day from where the return due date is closed.

Originally posted by :.VIN @ Y @ K..
"

what is return file duration........... and maximum limit for panalty



Originally posted by :rajesh


"
HI friends,
I recently Joined the computer firm... Company had not filed any returns and even not deposited any collected service Tax (as per below details ) .. if some one help me on following details i wil very thankful to them..
2006-2007 service Tax collected Rs. 13322/-
2007-2008 Service Tax collected Rs. 17749/-
2008-Till date Service Tax collected Rs. 16,857/
service Tax No taken on May-2006 till company had not filed any returns and not deposited any Tax... pls advice me what will be panalty and net tax company have to pay
with warm regards
Rajesh Shah
"



 
Interest @ 13% p.a. from the date on which not tax deducted
and penalty for non filing of return Rs. 100/- per day from where the return due date is closed.

"


 

Originally posted by :rajesh
"




Originally posted by :.VIN @ Y @ K..


"

what is return file duration........... and maximum limit for panalty


Originally posted by :rajesh


"
HI friends,
I recently Joined the computer firm... Company had not filed any returns and even not deposited any collected service Tax (as per below details ) .. if some one help me on following details i wil very thankful to them..
2006-2007 service Tax collected Rs. 13322/-
2007-2008 Service Tax collected Rs. 17749/-
2008-Till date Service Tax collected Rs. 16,857/
service Tax No taken on May-2006 till company had not filed any returns and not deposited any Tax... pls advice me what will be panalty and net tax company have to pay
with warm regards
Rajesh Shah
"



 
Interest @ 13% p.a. from the date on which not tax deducted
and penalty for non filing of return Rs. 100/- per day from where the return due date is closed.

"


:Delay in depositing tax attractsinterest @ 13%p.a

:Penalty @ Rs.200/- per day of delay or 2% per month of the tax liability, whichever is higher and c an reach upto Service tax payable amount.

:Delay in filing would fetch late fee upto Rs. 2000/-

Thanks & Regards

CA. KARAN SHARMA

 

"


 

Originally posted by :rajesh
" "
:Delay in depositing tax attracts interest @ 13%p.a

:Penalty @ Rs.200/- per day of delay or 2% per month of the tax liability, whichever is higher and c an reach upto Service tax payable amount.

:Delay in filing would fetch late fee upto Rs. 2000/-

Thanks & Regards

CA. KARAN SHARMA
 





 
"


 

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