Is service tax return can be revised?
Is service tax return can be revised?
As per Rule 7B of the Service Tax Rules 1994, an assessee may file a service tax revised return in triplicate in Form ST 3 to correct the mistake or omission, within a period of 90 days from the date of submission of Return under Rule 7.
What is time limit for revised return?
As per Section 139(5), an assessee can file a revised return 3 months before the end of the relevant assessment year or before the completion of the assessment, whichever is earlier.
What are the due dates for filing of service tax return?
Service Tax Return Form ST-3 must be filed twice in a year. Return for half year ending 30th September and 31st March are required to be filed by 25th October and 25th April, respectively.
Can I file revised return for AY 2016/17 now?
This means that the return for Financial Year 2015-16 (Assessment Year 2016-17) can be revised only upto 31/03/2018. For Financial Year 2016-17 (Assessment Year 2017-18), the time limit to revise a return is earlier of: before expiry of one year from the end of relevant Assessment Year or.
What is the revised service tax?
Note: Service Tax has been replaced by the Goods and Services Tax (GST) starting 1 July 2017. During the 2015 budget, the Finance Minister had incremented the service tax rate from 12.36% to 14%, which had been applicable from June 1, 2015.
What happens if service tax return is not filed?
If an assessee has not filed his or her service tax return, then a late payment fee of Rs 500 will be charged for the initial 15 days of delay. If an assessee has not filed his or her service tax return, then a late payment fee of Rs 1,000 will be charged for delays ranging from 15 to 30 days.
What is the last date for filing revised return for AY 2021-22?
31st March 2022
The last date of filing revised ITR for AY 2021-22 is 31st March 2022 or before the completion of the assessment, whichever is earlier. 1.2 It is recommended not to wait till 31st March 2022 for filing the revised return as once I-T Department finishes the assessment that would be the last day to revise your return. 2.
What is the last date for filing revised return for AY 2020-21?
Due Date for filing revised return The due date for Filing of belated return under sub-section (5) of Section 139 of the Income-tax Act,1961 for Assessment Year 2020-21 was before 31 ” March 2021. According to the CBDT notification, a revised return can be filed on or before 31st May 2021.
Can penalty for late filing of service tax return be waived?
If service tax is paid along with interest and reduced penalty within 30 days of service of order, then 25% of penalty should be paid as mentioned in the order. The penalty can be waived off on submission of valid documents which describes a proper reason for the delay or non-payment of the service tax.
What is the penalty for not filing service tax return?
Can I file revised return for AY 2017/18 now?
Therefore, a return filed for AY 2017-18 can also be revised till 31 March 2019, provided it was filed before the due date. Earlier a belated return (filed after the due date) was not allowed to be revised; now there is no such provision.
Can revised return be filed for AY 2019-20?
For example, for the AY 2019-20 (corresponding to FY 2018-19), a belated return can be filed until 31 March 2020. However, for FY 2020-21 onwards, belated return can be filed 3 months before the end of the relevant assessment year or completion of assessment, whichever is earlier.