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Service tax compliance

CA.D.RAGAVAN (CHARTERED ACCOUNTANTS) (219 Points)

01 March 2013

Dear Collegues

I have crossed Rs.9.00 Lakh limit in Feb 13 and duly got registered for ST. Now, Whether I Have to file ST 3 Return for the I Half Yar (Now I Qtr and II Qtr). If so, whether the Online filing will accept for the I Quarter.

Secondly, I may not cross over Rs.10.00 lakhs during 2012-2013. If so, whether I can claim the basic threshhold of Rs.10.00 Lakhs for the year 2013-2014

Thanks in Anticipation

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4 Replies

Dipjyoti Majumdar (CA in service & CS. dipmaj@ rediffmail.com ) (3468 Points)
Replied 01 March 2013

As you have got registered with Dept. in 02/2013, you have to submit 1/2 year return for Oct 2012 - March 2013. Normally, it should have been 25 April 2013, but the due date is not yet mentioned by the Revenue.

One has to file online ST3. There is no provision of physical return filing.

If your taxable turnover is < 10L in 12-13, then you will get exemption for first 10L in 13-14.

Thanks.

CA.D.RAGAVAN (CHARTERED ACCOUNTANTS) (219 Points)
Replied 02 March 2013

Thank You Ms.Dipjyoti Majumdar

Now, if we cannot file 1/2 Return for I half, then How will the ST Department will know the Taxable Receipts for the Whole Year. Or the Department will call for the Details of Receipts for the First Half Subsequently.

Regards

Dipjyoti Majumdar (CA in service & CS. dipmaj@ rediffmail.com ) (3468 Points)
Replied 02 March 2013

Look, the return is assessed on self assessment mode. If the Dept. thinks you are suppressing your service value, it may call for information , explanations, final accounts. It depends on the particular case. There is no thumb rule as such.

Thanks,

Manoj Agarwal (Service Tax Consultant Rourkela ServiceTaxExpert@yahoo.com) (3456 Points)
Replied 03 March 2013

I totally agree with Ms. Dipjyoti except that for the Half year October to March, 2013, the due date is 25-04-13 as there has been no change to the same till now.

for more details visit https://www.simpletaxindia.net/2013/02/due-date-service-tax-return-oct12-to.html

Regards,

tax2001-it @ yahoo.com