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Surrender of service tax registration

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NIK

Others

22 Points Posted on 23 April 2014

DEAR C.A

I WOULD LIKE TO KNOW THE PROCEDURE FOR SURRENDER OF SERVICE TAX REGISTRATION.

I TOOK SERVICE TAX NUMBER IN DECEMBER 2011.

I HAVE A CONSULTANCY FIRM

BUT IT HAS NOT WORKED AND MOSTLY I HAVE BEEN IN LOSS.

I ALSO NOT PAID SERVICE TAX AS TO BE HONEST I WAS NOT AWARE ABOUT IT..I WAS MISGUIDED THAT U NEED TO FILE ONLY IF UR TURNOVER GOES ABOVE 10 LAKH.

NOW I WANT TO CLOSE THE BUSINESS AND ALSO WANT TO SURRENDER THE SERVICE TAX NUMBER.

COULD SOME ONE PLEASE SUGGEST WHAT TO DO? HOW MUCH PENALTY DO I HAVE TO BEAR?

AND CAN SOME C.A ONE NEAR GURGAON/DELHI CAN HELP ME?

Replies (1)

Harendra Kumar

Tax Advisor

1502 Points Posted on 23 April 2014

Sir,

In this regard you some step to be taken i.e.

Clear the all outstanding dues as Service Tax with interest @ 18% current rate.
Deposit your all returns up to date, which are taxable or non taxable.
If not deposit plz to be discussed regarding penalty of their return which have not deposited yet.
Surrendered the Online and make the decadence and same to be deposited in the department.

Note:

All dues and return should be deposited and clear all the dues upto that time you want to be surrendered the St-2. If you having in this regard other observation plz forward the same.