Shocking

Hi there, I had got Service Tax registration at Hyderabad during July 2008.

However, I never conducted the business. It failed to take off.

But, I was not aware that I have to get it de-registered or to file nil returns.

Yesterday, somebody from Service Tax office called me up and asked to pay fine or lates fees , file nil returns and get de-registration done.

I am really shocked.

I did not conduct any business. I am not aware of the rules and regulations. I am actually pursuing further studies.

Kindly, guide me what can I do.

How much can the late fees or fine go up? How much do i have to pay for preparing nil service tax challan?

Is there any way to avoid fees at all.

 

 

 

Replies (1)

You can file a nil return with late fees...

Section 70(1) provides for filing of periodical return after the due date with the prescribed late fee of not more than Rs. 2,000

Where the return is not furnished within due date, the person liable to furnish return is liable to pay to the CG as penalty, on the basis of period of delay subject to maximum of Rs. 2,000.

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