An Assessee registered under Service Tax on 22.08.2012 for RESTAURANT SERVICE, He have also filed his 1st halfyearly return on 25.10.2012.
Now the assessee received service tax on Dec'2012 for Rs. 800/- & Jan-Mar'2013 for Rs. 1700/-. Today he have deposited the tax with interest. Now he wants to file return. Pls advice.
Yes return can be filled when new Service Tax Return for 2nd half year period will be available on ACES website.
What is the problem here I cant understand ?
How is it possible ?
As you said He got registered on 22.08.2012. For this year till the time there are 2 returns available.
1st - Covers the period of April - June 12 , due date was 25.11.2012 , was made available on 15.10.2012
He is not required to file the return for this period.
2nd - Covers the period of July - Sept 12 , due date is 30.04.13 , was made available on 26.03.2013
You have to file NIL return if there is no transaction.
Now For December 2012 , if your client is Company then your due date is 05/01/2013 for Decemeber month payment and if he is other than Company then 05/01/2013 for october to december 2012.
Same for January : if company then 05/02/2013 if others 31/03/2013.
Now if you made delay in Interest than you have to pay int. @ 18% pa. Here you have to pay interest based on day basis. ( Also if your turnover for the period April to March 13 is less than 60 lakhs and if your client is other than company then interest rate is 13% - in case of new assessee) In case of existing assessee if the turnover of April - March 12 is less than 60 lakhs then also 13% pa int. is to be payable on delayed payment.
CAclubindia
