Hello All,
I went through quite a few websites and opinions available online but I am still not clear on whether ST return needs to be filed if I have no liability to be paid. Facts of the case:
1. Service tax return last filed till Dec 2007
2. No service tax liability since then as the amount falls within exemption of Rs.10 lac
3. The regn no. is also still active but in most cases do not think that there will be ST liability for next couple of years at least.
Queries:
1. Since there is no tax to be paid since past more than 6 years, do I need to file the return?
2. If I have not filed then what? What is the total liability that will have to be incurred including penalty, late fees, etc.
3. I think the benefit of VCES scheme also cannot be taken as it pertains to tax dues. Is it correct?
4. If I want to cancel the regn what would be required to be done?
Request you all to help and suggest the correct options.
CAclubindia
