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EXCISE AND SERVICE TAX RETURN

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..... EXCISE AND SERVICE TAX RETURN
Query (Issue) Started By: - SUMEDH AYARE Dated:- 2-11-2012 Last Reply Date:- 7-11-2012 Service Tax
Got 5 Replies
Service Tax
WE ARE TAKING CREDIT ON INPUT SERVICES (SERVICE TAX) AGINST THE EXCISE DUTY PAYABLE. AT OUR END THERE IS NO LIABILITY OF SERVICE TAX PAYMENT. WE ARE PAYING ONLY EXCISE DUTY & FILING EXCISE RETURN I.E. ER-1 (WHEREIN WE SHOW THE CRE .....

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..... DIT OF SERVICE TAX) WE ARE NOT FILING ANY SERVICE TAX RETURN. (WE ARE REGISTERED WITH ST AS GTA) WHETHER WE NEED TO FILE SERVICE TAX RETURN ?????????? Reply By Vijay Chitte: The Reply: Even if there is no liability of service tax assessee will have to file "NIL" return as long as registration certificate is valid. Reply By NEERAJ KUMAR, RANCHI: The Reply: yes you are required to file retur .....

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..... n if you are registered. Reply By rishi mohan: The Reply: Filing of Service tax return is mandatory, whether any transactions for the relating period have incurred or not. There return has to be filed. Reply By Pradeep Khatri: The Reply: Non compliance will attract penal action and Rs. 20000/- (maximum penalty) may be imposed. Reply By Pramod Rai: The Reply: Yes, You have to file ST-3 Return .....

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..... , otherwise there will be liability of Rs. 20,000/- (maximum) under S. 70 and penalty up to Rs. 10,000/- may be imposed under S. 77 (2). However, As. Per proviso to Rule 7C, in case of nil S. T. liability, C. Ex. Officer may waive or reduce the penalty. Regards Kunal Prashant Advocate Athena Law Associates 808, L & T Building, Sector 18 B, Dwarka, New Delhi-110078 Tel: +91-11- 2456 9689, Fax: +91 .....

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..... -11-45611851 Mob: +91-9958844576, +918287544576, Email: [email protected]
Discussion Forum - Knowledge Sharing .....

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