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Service tax registration??

ramanji (student) (154 Points)

21 May 2016

Dear Sir,One my client is registered for ST but in tat FY Turnover <9L and he did not file the half yearly return.whether he is required to pay penalty/interest ?

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9 Replies

Prabhaharan (Internal Controller) (57 Points)
Replied 21 May 2016

Yes, he has to file return.

https://www.charteredclub.com/service-tax-return/

Thanks

ramanji (student) (154 Points)
Replied 21 May 2016

Thanks for reply sir, yes he has to file but he didn't file the return,what are the cosequence?.whether we say that penalty need not be paid because his turnover for that FY<9 lakhs.

Niraj Kumar Sinha (Sr. Officer, SPSIL) (648 Points)
Replied 21 May 2016

If payable Tax is Zero, then no penalty is imposed.

ramanji (student) (154 Points)
Replied 21 May 2016

ok,then late filing fee is payable??

Ramanuj (Accountant.) (834 Points)
Replied 21 May 2016

late filing fee is applicable

upto 15 day 500

15 day to 30 fee 1000

thanks

shivam agarwal (ca student) (175 Points)
Replied 22 May 2016

However late filling fees can be waived by the officer

Mahavir Garg (Partner) (55 Points)
Replied 22 May 2016

If tax payable then what is penalty for late filing of service tax return?

prakash singh (Accountant) (21 Points)
Replied 23 May 2016

NIL RETURN HAI TO KOI PENALTY NAHI LAGEGA. GTO HAI TO FINOTAX.COM ME RATE LIST DIYA HUA HAI INTREST KA

CA PRAMOD SARAOGI (Chartered Accountant) (1113 Points)
Replied 23 May 2016

As per Section 70(1) of the Finance Act, 1994 if the Half-yearly Service Tax Return (ST-3) is not filed after the due date of return filing then, the assessee is required to pay late fees subject to a maximum of Rs. 20,000/- However the CEO ,on being satisfied that there is sufficient reason for not filing the return,has the discretionary power to reduce or waive off the late payment charges/penalty only in such case where the gross amount of service tax payable is nil.