Live Course on Drafting of Appeal and Reply of Penalty Notice by CA Sachin Sinha. Register Now!!

Liable to file service tax return

ranjitkarmakar (service) (303 Points)

25 May 2012

Respected Seniors

I have a client, they just started an Advertising Agency from 01/04/2012, and regsitered themself on Service Tax, suppose my client earn from first two quarter i.e. (01/04/2012 to 30/9/2012) Rs. 6 lace and last two quarter earn i.e. (01/10/2012 to 31/3/2013) 10 lacs,

My question is whether they claim exemption of Rs. 10 lac as this the first year of business, if the exemption was claimed, they need to file the Return for first two quarter, as they are in exemption limit, if till they have to file return on Oct 2012 how they will be file the return.

Please clarify the whole things. Thanks

Reply
Follow
Share

3 Replies

Prateek Agarwal (Sr. Executive - Finance & Accounts) (1732 Points)
Replied 25 May 2012

Since this is a First year of registration, then you can claim SSI exemption.

Also you have filed for registration, then you need to file return of income since it is mandatory to file return for all registered assessees.

Regards

Prateek

ranjitkarmakar (service) (303 Points)
Replied 26 May 2012

Thanks Prateek Jee for your quick reply, right now when my cleint raised bill to their customer Service Tax 12.36 will be added in thier bill or not, or my client will be wait till the turnover cross Rs. 10 lac limit.

According to your suggestion I have to file return for the period of (01/04/2012 to 30/9/2012) if the turnover is less than Rs. 6 lac it is mandatory, How I file the return in the column of Service Tax, Education Cess and Higher Education Cess, i only mentioned zero there, please clarify

Thanks

FinsQ (service provider) (54 Points)
Replied 27 May 2012

Ranjitkarmakar...

you can avail exemption for first 10lac biling...

For filling st return... show turnover 6lacs.. and subtract same figure us exempted value by using exemption notification 6/2005...!!