Manager (Indirect Taxes)
821 Points
Joined January 2011
Provisions relating to reivsed return of Service tax are contained in Rule 7B of Service Tax Rules. The said Rule is produced below:
"[(7B). Revision of Return.- An assessee may submit a revised return, in Form ST-3, in triplicate, to correct a mistake or omission, within a period of [ninety days] from the date of submission of the return under rule 7."
As per above provision Return has to be revised within 90 days from the date of submission of return u/r 7, i.e., the original return. Hence, it seems that return can be revised again within this period, but not afterwards.
If we consider a similar condition in Income Tax, where the text states that the revised return replaces original return. Therefore provisions relating to revising of revised return differs there.