Query on Service Tax

Queries 1410 views 5 replies

Narayanan

ARTICLED ASSISTANT

29 Points Joined September 2008

One of our client has failed to make service tax registration but has filed the return for PYr 08-09 whose turnover is above Rs.9lacs but below Rs.10lacs

The turnover of above Rs.9lacs includes provision income which is accrued only for Pyr 09-10 since they follwed cash basis accounting.

So whether it is advisable to file the revised return by reversing the provision so that turnover falls below Rs.9lacs or to register for service tax?

How ever during the year the turnover has exceeded Rs.9lacs

My query is service tax registration has to done within 30days from the turnover exceeds the threshold limit...??

So from what date i need to register for service tax and what will be the consequence for non registration within the stipulated time..

Replies (5)

manikandan.J

Accounts Manager

363 Points Joined October 2008

service tax threshhold limit Rs.10lacs However you should register service tax turnover it is crossed Rs.8 lacs register is compulsory refer the service tax Act

mani

manikandan.J

Accounts Manager

363 Points Joined October 2008

service tax threshhold limit Rs.10lacs However you should register service tax turnover it is crossed Rs.8 lacs register is compulsory refer the service tax Act

mani

Narayanan

ARTICLED ASSISTANT

29 Points Joined September 2008

thanks for reply sir, We need to register only if its crossed Rs.9Lacs with effect from 1.4.08 !!! I know registration is compulsory !! but the 30days time period has expired...Want to know the penalties for non registration??

Sachin

Chartered Accountant

419 Points Joined November 2008

Dear Narayanan,

Write me any query related to Service Tax. my email id is sachinagarwalcallb @ gmail.com

anshul

40 Points Joined January 2010

Before 10-09-2004 there was a mandatory penalty of Rs. 500/- for delay or non registration in seeking registration under section 75A.

From 10-09-2004 the section 75A has been omitted and consequently there is no mandatory penalty is there for failure to apply for registration.

But, even after deletion of section 75A there may be a maximum penalty of Rs. 1000/- for failure to pay registration under section 77.

However, penalty under section 77 is general penalty and not mandatory and before imposing this penalty the proper office has to issue a show cause notice and give an opportunity of being heared.