Dhananjaya (manager accounts) (71 Points)
09 May 2012Hi,
We are registered under to service codes 1) 00440229, 2) '00440452. my query is we are late in filing the return for half year ending March'12, Please any one clarify me, do we need to pay late filing penaty separately for each service?
We are only filing a single return.
Dhananjaya
Abhishek Sharma
(CA Final)
(78 Points)
Replied 09 May 2012
Mr. Dhananjaya, The Penalty is not for each and every service ur registered for. It is on the assessee as a whole.
As we know that return for all the services are filed in a single return. There is no question of paying penalty seperately for each service.
The Due date of filing the service tax return for the HYE Sep/Mar is 25th of the month next to the H.Y.E.
If return filed before the due date can also be revised within 90 days of filing the original return (without paying any penalty, even if the revised return is filed after the said due date of 25th)
Keval Ponkiya
(CA CS MBA(Fin.) M.Com. L.L.B.)
(223 Points)
Replied 09 May 2012
Prateek Agarwal
(Sr. Executive - Finance & Accounts)
(1732 Points)
Replied 09 May 2012
You file a return according to the premises registered.
In a single premise, there can be numerous services.
Hence, when you file a return, it is for that particular premise, not particular service. Instead, all such services are mentioned in that premise for return purpose.
So, in case of late return filing, you have to pay late return penalty for ONE return only, not for separate services.
Hope it clarifies your doubt.
Regards
Prateek
GST Live Certification Course (39th Batch) - April 2024 (Weekend Batch) (With Certificate)
"Live class on Python for Financial Analysis: Unlocking Efficiency in Accounting and Finance"
CAclubindia
