Help on Service Tax

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Anand Bhardwaj

Consultant F&A

24 Points Joined May 2010

Dear Sir,

i need a help on Service Tax. My question is " If Output Service Tax liabilities is NIL & Input Tax credit is more then 25000/- then the Half yearly Return can be Mandatory. pl. advice me.

Anand

Replies (1)

Guest

Every person liable to pay service tax has to submit half yearly return in form ST-3 in triplicate within 25 days of the end of the half-year, as per rule 7 of Service Tax Rules, 1994 read with section 70(1) of Finance Act, 1994.

Similarly, Input Service distributor is also required to file half yearly return, even if he is not liable to pay service tax.