We have a small computer institute (means income is much below 10,00,000/- pa), provide computer training & placement. We had taken voluntary service tax no before 1.5 year. Please tell us should we start filling nil tax return or if we don’t file return there will be any penalty for that. Also, should we mention service tax no on our invoice, where we are not charging any service tax? Please Suggest.
Dear Kumar,
1) There is no need to mention Service Tax No. on the invoice. But once the turnover goes above Rs. 10 Lacs , then you will have to charge Service Tax.
2) It is advisable to file Nil Service Tax Return.
Regards,
Devendra K
non filing of NIL returns even invite penalty, so better if u dont have plan to cross 10L immediate then surrender the Service tax registration number,
in my view nil return should be submitted
CAclubindia
