Service tax return

632 views 4 replies

 

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

 

 

 

 

Replies (4)

 

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.

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

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. 

providing of any service, whether taxable or exempted you are suppose to file your return once you got your self registerd

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