service tax

1) filing of return is mandatory ( even nil return is to be filed in time)

2) service tax does not ask for profit/income or loss, but gross receipt / taxable service provided.

3)you have to show your registration no on invoice, and service tax - NIl upto exemption limit

you have to submit half yrly ST3 Return with penalty of Rs. 2000/- even if your Service tax liability is Nil. for previous year  

And for Last ST-3 Return ( Oct10-Mar11) you have to pay (i) fifteen days from the date prescribed for submission of such return, an amount of five hundred 

rupees; 

(ii) beyond fifteen days but not later than thirty days from the date prescribed for submission of such 

return, an amount of one thousand rupees; and 

(iii) beyond thirty days from the date prescribed for submission of such return an amount of one 

thousand rupees plus one hundred rupees for every day from  the thirty first day till the date of 

furnishing the said return: Maximum Rs.20000