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Service tax return

Kumar (Accountant) (224 Points)

26 September 2011

WE ARE RUNNING COMPUTER INSTITUTE FROM LAST TWO YEAR & HAD TAKEN VOLUENTY SERVICE TAX REGISTRATION. THE TURNOVER IS VERY LOW BETWEEN 1- 2,00,000/- P.A. WE HAD NOT SUBMITTED ANY RETURN FOR THAT TO SERVICE TAX DEPT. WE WOULD LIKE TO ASK THAT CAN DEPT CHARG ANY PANELTY FOR THAT & SHOULD WE START FILLING RETURN NOW? ANYBODY PLEASE SUGGEST. THANKS IN ADVANCE

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4 Replies

CS RAJESH C.CHOUDHARY (ASSISTANT MANAGER) (14607 Points)
Replied 28 September 2011

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,

Rajesh Choudhary.

Sushma Mevacha (Executive) (394 Points)
Replied 30 September 2011

I. think you should file the Service Tax Return by showing your Income as Exepmted under the Notification no. 8/2008 dated 01.03.2008

CA Unnikrishnan Nair N (Chartered Accountant) (2083 Points)
Replied 30 September 2011

Non-filing may attract penalty. File returns now as suggested by Sushma. Convince the Range Officer of your bonafide and request for waiver of penalty.